Membership Collective Group (NYSE:MCG) Stock Price Down 0.3% – Time to Sell?

Membership Collective Group Inc. (NYSE:MCGGet Free Report)’s share price fell 0.3% on Thursday . The company traded as low as $7.53 and last traded at $7.64. 234,720 shares traded hands during trading, a decline of 30% from the average session volume of 335,312 shares. The stock had previously closed at $7.66.

Membership Collective Group Price Performance

The firm has a 50-day simple moving average of $5.81 and a 200-day simple moving average of $5.58. The firm has a market cap of $447.49 million, a P/E ratio of -6.18 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

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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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