MEDIROM Healthcare Technologies (NYSE:MRM) Stock Price Down 5.8% – What’s Next?

Shares of MEDIROM Healthcare Technologies Inc. (NYSE:MRM) fell 5.8% during 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 upgraded shares of MEDIROM Healthcare Technologies to a “strong-buy” rating in a research report on Monday, February 3rd.

MEDIROM Healthcare Technologies Stock Down 11.4 %

The business’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $1.99.

Institutional Investors Weigh In On MEDIROM Healthcare Technologies

A hedge fund recently bought a new stake in MEDIROM Healthcare Technologies stock. Heights Capital Management Inc. purchased a new stake in MEDIROM Healthcare Technologies Inc. (NYSE:MRM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 35,582 shares of the company’s stock, valued at approximately $37,000. Heights Capital Management Inc. owned about 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.