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Membership Collective Group (NYSE:MCG) Trading Down 10.2% - Time to Sell?

Membership Collective Group logo with Computer and Technology background

Membership Collective Group Inc. (NYSE:MCG - Get Free Report) shares dropped 10.2% during mid-day trading on Tuesday . The company traded as low as $5.19 and last traded at $5.31. Approximately 417,308 shares were traded during trading, an increase of 24% from the average daily volume of 335,312 shares. The stock had previously closed at $5.91.

Membership Collective Group Stock Performance

The firm has a 50 day moving average price of $6.73 and a 200 day moving average price of $6.26. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 38.11. The stock has a market cap of $305.53 million, a PE ratio of -4.22 and a beta of 1.23.

Membership Collective Group Company Profile

(Get Free Report)

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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