MEDIROM Healthcare Technologies (NYSE:MRM) Stock Price Down 5.8% – Should You Sell?

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

Analysts Set New Price Targets

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

MEDIROM Healthcare Technologies Stock Down 5.8 %

The stock’s 50 day simple moving average is $0.82 and its two-hundred day simple moving average is $2.03.

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 stake in MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,582 shares of the company’s stock, valued at approximately $37,000. Heights Capital Management Inc. owned 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.