Membership Collective Group (NYSE:MCG) Stock Price Up 4.6% – Here’s What Happened

Membership Collective Group Inc. (NYSE:MCGGet Free Report) traded up 4.6% during trading on Wednesday . The stock traded as high as $5.13 and last traded at $5.03. 148,389 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 335,312 shares. The stock had previously closed at $4.81.

Membership Collective Group Trading Up 4.6 %

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 business’s 50-day simple moving average is $5.27 and its two-hundred day simple moving average is $5.41. The stock has a market capitalization of $293.85 million, a price-to-earnings ratio of -4.06 and a beta of 1.23.

Membership Collective Group Company Profile

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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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