Membership Collective Group (NYSE:MCG) Trading 0.1% Higher - Here's Why

Key Points

• Membership Collective Group Inc. (NYSE:MCG) saw its stock trade up 0.1% on Friday, reaching a value of $8.86 despite a 33% decline in trading volume compared to the average.
• The company has a market capitalization of $517.59 million and significant financial metrics, including a debt-to-equity ratio of 38.11 and a PE ratio of -7.15.
• Membership Collective Group operates a global membership platform, providing services to approximately 155,800 members across various physical and digital locations, including 33 Soho Houses and 9 Soho Works clubs.

Shares of Membership Collective Group Inc. (NYSE:MCG - ) traded up 0.1% during mid-day trading on Friday . The company traded as high as $8.86 and last traded at $8.86. 224,574 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 335,312 shares. The stock had previously closed at $8.85.

Membership Collective Group Stock Up 0.1%

The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 38.11. The company has a market cap of $517.59 million, a PE ratio of -7.15 and a beta of 1.23. The stock has a 50-day moving average of $7.98 and a 200-day moving average of $6.92.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.