Membership Collective Group (NYSE:MCG) Trading Up 1% – Should You Buy?

Membership Collective Group Inc. (NYSE:MCG) shares shot up 1% on Thursday . The company traded as high as $9.00 and last traded at $9.00. 2,947,446 shares were traded during mid-day trading, an increase of 779% from the average session volume of 335,312 shares. The stock had previously closed at $8.91.

Membership Collective Group Stock Up 1.0%

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 business has a 50-day moving average price of $8.84 and a 200-day moving average price of $8.62. The firm has a market capitalization of $525.77 million, a PE ratio of -7.26 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.