Bright Health Group (NYSE:BHG) Trading Down 1.2% – Here’s Why

Bright Health Group, Inc. (NYSE:BHGGet Free Report) was down 1.2% during mid-day trading on Monday . The company traded as low as $7.26 and last traded at $7.33. Approximately 47,163 shares changed hands during trading, a decline of 35% from the average daily volume of 72,717 shares. The stock had previously closed at $7.42.

Bright Health Group Stock Performance

The company has a market capitalization of $58.75 million, a PE ratio of -0.04 and a beta of 0.93. The business’s 50-day moving average is $5.63 and its 200-day moving average is $5.50.

Bright Health Group Company Profile

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Bright Health Group, Inc, a healthcare company, provides health insurance policies in the United States. It operates in two segments, Bright HealthCare and Consumer Care. The Consumer Care segment delivers virtual and in-person clinical care services contracts through primary care clinics. It operates managed and affiliated risk-bearing clinics within its integrated care delivery system, which included embedded pharmacy, laboratory, radiology, and population health focused specialty services.

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