Membership Collective Group (NYSE:MCG) Trading Down 0.1% – Should You Sell?

Membership Collective Group Inc. (NYSE:MCG)’s share price dropped 0.1% during trading on Wednesday . The stock traded as low as $8.87 and last traded at $8.88. Approximately 1,069,582 shares were traded during mid-day trading, an increase of 219% from the average daily volume of 335,312 shares. The stock had previously closed at $8.89.

Membership Collective Group Stock Down 0.1%

The business’s 50-day moving average is $8.79 and its 200-day moving average is $8.42. The company has a debt-to-equity ratio of 38.11, a quick ratio of 0.82 and a current ratio of 0.96. The firm has a market cap of $518.76 million, a price-to-earnings ratio of -7.16 and a beta of 1.23.

About Membership Collective Group

Membership Collective Group (NYSE: MCG) is a global membership-based lifestyle and wellness company that operates a portfolio of premium fitness and hospitality brands. The company’s flagship offerings include Equinox, a high-end fitness club network; SoulCycle, an indoor cycling studio concept; Blink Fitness, a value-oriented gym chain; and Pure Yoga, a boutique yoga studio brand. In addition to brick-and-mortar locations, Membership Collective Group provides digital fitness services through platforms such as Equinox+ and on-demand classes, catering to members seeking at-home and virtual workout options.

Founded with roots dating back to the opening of the first Equinox club in New York City in 1991, Membership Collective Group has expanded its footprint to major markets across the United States, Canada, the United Kingdom and select cities in Asia.