Membership Collective Group (NYSE:MCG) Trading Up 1.6% - What's Next?

Key Points

• Membership Collective Group's stock price increased by 1.6%, reaching $6.51 during trading, but showed a notable decline in trading volume compared to the average session.
• The company has a market capitalization of $380.31 million and maintains a debt-to-equity ratio of 38.11, indicating a relatively leveraged position.
• Membership Collective Group Inc. operates a global membership platform, serving approximately 155,800 members through various physical and digital communal spaces.

Membership Collective Group Inc. (NYSE:MCG - Get Free Report) shares traded up 1.6% on Wednesday . The company traded as high as $6.53 and last traded at $6.51. Approximately 203,316 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 335,312 shares. The stock had previously closed at $6.41.

Membership Collective Group Trading Up 1.6%

The firm has a market capitalization of $380.31 million, a price-to-earnings ratio of -5.25 and a beta of 1.23. The firm's 50 day moving average is $6.83 and its 200 day moving average is $6.70. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 38.11.

About Membership Collective Group

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.