MEDIROM Healthcare Technologies (NYSE:MRM) Stock Price Down 1.5% – Should You Sell?

MEDIROM Healthcare Technologies Inc. (NYSE:MRM)’s stock price traded down 1.5% during trading on Wednesday . The company traded as low as $0.67 and last traded at $0.74. 38,309 shares traded hands during trading, a decline of 30% from the average session volume of 54,962 shares. The stock had previously closed at $0.75.

Analyst Ratings Changes

Separately, ThinkEquity raised shares of MEDIROM Healthcare Technologies to a “strong-buy” rating in a research note on Monday, February 3rd.

MEDIROM Healthcare Technologies Stock Performance

The stock has a 50-day moving average of $0.96 and a 200 day moving average of $2.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MEDIROM Healthcare Technologies stock. Heights Capital Management Inc. bought a new stake in MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 35,582 shares of the company’s stock, valued at approximately $37,000. Heights Capital Management Inc. owned about 0.72% of MEDIROM Healthcare Technologies at the end of the most recent reporting period.

MEDIROM Healthcare Technologies Company Profile

MEDIROM Healthcare Technologies Inc provides holistic healthcare services in Japan. It operates in three segments: Relaxation Salon, Digital Preventative Healthcare, and Luxury Beauty. The Relaxation Salon segment owns and franchises relaxation salons, which provide finger-pressure style bodywork therapy, stretch therapy, and posture and joint alignment, as well as physical therapy elements; and various individual services, including anti-fatigue therapy, athletic support therapy, slim-down therapy, and reflexology.