Membership Collective Group (NYSE:MCG) Trading Down 1.3% – Should You Sell?

Membership Collective Group Inc. (NYSE:MCG)’s share price dropped 1.3% during mid-day trading on Monday . The stock traded as low as $7.55 and last traded at $7.59. Approximately 409,721 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 335,312 shares. The stock had previously closed at $7.69.

Membership Collective Group Price Performance

The company has a fifty day simple moving average of $7.43 and a 200-day simple moving average of $6.09. The company has a market cap of $443.40 million, a P/E ratio of -6.12 and a beta of 1.23. The company has a debt-to-equity ratio of 38.11, a current ratio of 0.96 and a quick ratio of 0.82.

About Membership Collective Group

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.