MEDIROM Healthcare Technologies (NYSE:MRM) Trading Down 2.3% – Here’s Why

MEDIROM Healthcare Technologies Inc. (NYSE:MRM) shares were down 2.3% on Thursday . The company traded as low as $1.36 and last traded at $1.42. Approximately 6,232 shares were traded during trading, a decline of 99% from the average daily volume of 702,966 shares. The stock had previously closed at $1.45.

MEDIROM Healthcare Technologies Trading Down 2.3%

The stock’s fifty day moving average is $1.20 and its two-hundred day moving average is $0.97.

Hedge Funds Weigh In On MEDIROM Healthcare Technologies

An institutional investor recently bought a new position in MEDIROM Healthcare Technologies stock. Heights Capital Management Inc. acquired a new stake in MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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.