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Membership Collective Group (NYSE:MCG) Trading 9.3% Higher - Here's Why

Membership Collective Group logo with Computer and Technology background
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Shares of Membership Collective Group Inc. (NYSE:MCG - Get Free Report) traded up 9.3% during trading on Tuesday . The stock traded as high as $6.57 and last traded at $6.49. 725,896 shares changed hands during trading, an increase of 116% from the average session volume of 335,312 shares. The stock had previously closed at $5.94.

Membership Collective Group Price Performance

The stock has a market capitalization of $413.61 million, a PE ratio of -5.71 and a beta of 1.23. The firm's 50 day simple moving average is $7.32 and its 200 day simple moving average is $6.19. 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

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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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