Membership Collective Group (NYSE:MCG) Trading Up 4.6% – Still a Buy?

Membership Collective Group Inc. (NYSE:MCGGet Free Report) rose 4.6% during mid-day trading on Wednesday . The stock traded as high as $5.13 and last traded at $5.03. Approximately 148,389 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 335,312 shares. The stock had previously closed at $4.81.

Membership Collective Group Stock Up 4.6 %

The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 38.11. The firm has a market capitalization of $293.85 million, a P/E ratio of -4.06 and a beta of 1.23. The stock’s 50-day simple moving average is $5.27 and its 200-day simple moving average is $5.41.

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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