Membership Collective Group (NYSE:MCG) Trading Up 4.6% – Time to Buy?

Membership Collective Group Inc. (NYSE:MCGGet Free Report) was up 4.6% on Wednesday . The stock traded as high as $5.13 and last traded at $5.03. Approximately 148,389 shares changed hands during trading, a decline of 56% from the average daily volume of 335,312 shares. The stock had previously closed at $4.81.

Membership Collective Group Stock Performance

The company has a debt-to-equity ratio of 38.11, a current ratio of 0.96 and a quick ratio of 0.82. The stock has a market capitalization of $293.85 million, a P/E ratio of -4.06 and a beta of 1.23. The company has a 50 day simple moving average of $5.27 and a 200-day simple moving average of $5.41.

Membership Collective Group Company Profile

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Membership Collective Group Inc operates a global membership platform of physical and digital spaces that connects members worldwide. The company's members use the MCG platform to work and socialize, connect, create, and have fun. As of January 2, 2022, it served approximately 155,800 members through a portfolio of 33 Soho Houses, 9 Soho Works clubs, The Ned in London, Soho Home, and Scorpios Beach Club in Mykonos, as well as digital channels.

Further Reading

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