MEDIROM Healthcare Technologies (NYSE:MRM) Stock Price Down 5.8% – Here’s Why

Shares of MEDIROM Healthcare Technologies Inc. (NYSE:MRM) were down 5.8% during mid-day trading on Thursday . The company traded as low as $0.47 and last traded at $0.49. Approximately 94,595 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 311,506 shares. The stock had previously closed at $0.52.

Analysts Set New Price Targets

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

MEDIROM Healthcare Technologies Trading Down 5.8 %

The stock has a fifty day simple moving average of $0.82 and a 200-day simple moving average of $2.03.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MEDIROM Healthcare Technologies stock. Virtu Financial LLC bought a new position in MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,942 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.22% of MEDIROM Healthcare Technologies as of its most recent filing with the Securities & Exchange Commission.

About MEDIROM Healthcare Technologies

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.