Membership Collective Group (NYSE:MCG) Shares Down 0.4% – Here’s What Happened

Membership Collective Group Inc. (NYSE:MCGGet Free Report)’s share price was down 0.4% on Tuesday . The company traded as low as $8.85 and last traded at $8.86. Approximately 1,054,692 shares were traded during trading, an increase of 215% from the average daily volume of 335,312 shares. The stock had previously closed at $8.90.

Membership Collective Group Stock Down 0.4%

The company’s 50 day simple moving average is $8.87 and its 200-day simple moving average is $7.63. 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 firm has a market capitalization of $517.59 million, a PE ratio of -7.15 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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