Membership Collective Group (NYSE:MCG) Stock Price Down 1.1% – Here’s Why

Membership Collective Group Inc. (NYSE:MCGGet Free Report) shares fell 1.1% during mid-day trading on Tuesday . The company traded as low as $5.28 and last traded at $5.34. 121,632 shares changed hands during trading, a decline of 64% from the average session volume of 335,312 shares. The stock had previously closed at $5.40.

Membership Collective Group Price Performance

The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 38.11. The company has a market cap of $311.96 million, a PE ratio of -4.31 and a beta of 1.23. The business’s 50 day moving average price is $5.46 and its 200-day moving average price is $5.43.

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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