Membership Collective Group (NYSE:MCG) Shares Down 0.3% – Here’s What Happened

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

Membership Collective Group Stock Down 0.3 %

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 capitalization of $446.32 million, a P/E ratio of -6.16 and a beta of 1.23. The company has a fifty day moving average price of $5.76 and a 200-day moving average price of $5.57.

Membership Collective Group Company Profile

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.