Membership Collective Group (NYSE:MCG) Trading 9.3% Higher – What’s Next?

Membership Collective Group Inc. (NYSE:MCGGet Free Report)’s stock price traded up 9.3% during trading on Tuesday . The company traded as high as $6.57 and last traded at $6.49. 725,896 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 335,312 shares. The stock had previously closed at $5.94.

Membership Collective Group Price 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’s 50 day moving average price is $7.36 and its two-hundred day moving average price is $6.17. The firm has a market capitalization of $379.14 million, a price-to-earnings ratio of -5.23 and a beta of 1.23.

About Membership Collective Group

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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.

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