Membership Collective Group Inc. (NYSE:MCG – Get Free Report)’s share price shot up 9.3% on Tuesday . The company traded as high as $6.57 and last traded at $6.49. 725,896 shares changed 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 Stock Up 9.3 %
The firm’s 50-day simple moving average is $7.36 and its 200-day simple moving average is $6.17. The company has a debt-to-equity ratio of 38.11, a quick ratio of 0.82 and a current ratio of 0.96. The company 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
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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