Membership Collective Group (NYSE:MCG) Trading Down 0.1% - Should You Sell?

Key Points

• Membership Collective Group Inc. shares experienced a slight decline of 0.1%, trading at $8.83, after reaching a low of $8.81 during mid-day trading.
• The company saw an increase in trading volume with over 1 million shares traded, representing a 237% rise from its average session volume of approximately 335,312 shares.
• Membership Collective Group operates a global membership platform, serving around 155,800 members through 33 Soho Houses, among other venues, as of January 2022.

Shares of Membership Collective Group Inc. (NYSE:MCG - Get Free Report) were down 0.1% during trading on Friday . The company traded as low as $8.81 and last traded at $8.83. Approximately 1,130,909 shares traded hands during mid-day trading, an increase of 237% from the average daily volume of 335,312 shares. The stock had previously closed at $8.84.

Membership Collective Group Stock Performance

The company has a debt-to-equity ratio of 38.11, a quick ratio of 0.82 and a current ratio of 0.96. The firm has a market cap of $515.84 million, a PE ratio of -7.12 and a beta of 1.23. The stock's 50 day simple moving average is $7.40 and its 200 day simple moving average is $6.70.

Membership Collective Group Company Profile

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.