Medirom Healthcare Technologies (NASDAQ:MRM) Trading Down 8.4% – What’s Next?

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) shares traded down 8.4% during mid-day trading on Thursday . The company traded as low as $1.50 and last traded at $1.53. 65,198 shares traded hands during trading, a decline of 64% from the average session volume of 182,452 shares. The stock had previously closed at $1.67.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Medirom Healthcare Technologies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Medirom Healthcare Technologies Price Performance

The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.21 and a current ratio of 0.24.

Medirom Healthcare Technologies (NASDAQ:MRM) last released its quarterly earnings results on Tuesday, October 21st. The company reported ($0.30) earnings per share for the quarter. The firm had revenue of $11.28 million for the quarter.

Medirom Healthcare Technologies Company Profile

MEDIROM Healthcare Technologies Inc provides holistic healthcare services in Japan. It operates in two segments, Relaxation Salon and Digital Preventative Healthcare. 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.