MEDIROM Healthcare Technologies (NYSE:MRM) Stock Price Down 4.8% – Time to Sell?

MEDIROM Healthcare Technologies Inc. (NYSE:MRM) shares dropped 4.8% on Monday . The stock traded as low as $0.82 and last traded at $0.87. Approximately 9,007 shares changed hands during trading, a decline of 99% from the average daily volume of 632,355 shares. The stock had previously closed at $0.91.

Wall Street Analyst Weigh In

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

MEDIROM Healthcare Technologies Price Performance

The business has a 50 day moving average price of $0.68 and a two-hundred day moving average price of $1.27.

Institutional Investors Weigh In On MEDIROM Healthcare Technologies

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

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.