Membership Collective Group (NYSE:MCG) Trading Down 0.2% – Should You Sell?

Membership Collective Group Inc. (NYSE:MCG) dropped 0.2% during trading on Tuesday . The company traded as low as $8.94 and last traded at $8.94. Approximately 467,458 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 335,312 shares. The stock had previously closed at $8.96.

Membership Collective Group Trading Down 0.2%

The stock has a market capitalization of $522.27 million, a PE ratio of -7.21 and a beta of 1.23. The company’s 50 day moving average price is $8.87 and its two-hundred day moving average price is $8.26. The company has a debt-to-equity ratio of 38.11, a current ratio of 0.96 and a quick ratio of 0.82.

Membership Collective Group Company Profile

Membership Collective Group (NYSE: MCG) is a global membership-based lifestyle and wellness company that operates a portfolio of premium fitness and hospitality brands. The company’s flagship offerings include Equinox, a high-end fitness club network; SoulCycle, an indoor cycling studio concept; Blink Fitness, a value-oriented gym chain; and Pure Yoga, a boutique yoga studio brand. In addition to brick-and-mortar locations, Membership Collective Group provides digital fitness services through platforms such as Equinox+ and on-demand classes, catering to members seeking at-home and virtual workout options.

Founded with roots dating back to the opening of the first Equinox club in New York City in 1991, Membership Collective Group has expanded its footprint to major markets across the United States, Canada, the United Kingdom and select cities in Asia.