Membership Collective Group (NYSE:MCG) Trading 2.4% Higher – Here’s Why

Shares of Membership Collective Group Inc. (NYSE:MCG) were up 2.4% during mid-day trading on Wednesday . The company traded as high as $5.98 and last traded at $5.94. Approximately 158,241 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 335,312 shares. The stock had previously closed at $5.80.

Membership Collective Group Stock Up 2.4 %

The business’s fifty day simple moving average is $6.07 and its 200 day simple moving average is $6.27. The stock has a market cap of $347.01 million, a price-to-earnings ratio of -4.79 and a beta of 1.23. The company has a current ratio of 0.96, a quick ratio of 0.82 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.