Membership Collective Group (NYSE:MCG) Trading 1.6% Higher - Should You Buy?

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.

Shares of Membership Collective Group Inc. (NYSE:MCG - Get Free Report) were up 1.6% during mid-day trading on Wednesday . The company traded as high as $6.53 and last traded at $6.51. Approximately 203,316 shares changed hands during 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 Stock Performance

The stock has a 50-day simple moving average of $6.84 and a 200-day simple moving average of $6.69. 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 cap of $368.62 million, a PE ratio of -5.09 and a beta of 1.23.

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.