MEDIROM Healthcare Technologies (NYSE:MRM) Trading Up 56.3% – Should You Buy?

MEDIROM Healthcare Technologies Inc. (NYSE:MRM)’s share price traded up 56.3% on Thursday . The stock traded as high as $1.25 and last traded at $1.25. 7,014,886 shares traded hands during mid-day trading, an increase of 1,024% from the average session volume of 624,302 shares. The stock had previously closed at $0.80.

Analysts Set New Price Targets

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

MEDIROM Healthcare Technologies Stock Down 15.2 %

The firm’s 50 day moving average price is $0.68 and its 200-day moving average price is $1.60.

Institutional Trading of MEDIROM Healthcare Technologies

An institutional investor recently bought a new position in MEDIROM Healthcare Technologies stock. Virtu Financial LLC purchased a new stake in shares of MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,942 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.22% of MEDIROM Healthcare Technologies as of its most recent SEC filing.

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.