MEDIROM Healthcare Technologies (NYSE:MRM) Trading Down 1.8% – Time to Sell?

MEDIROM Healthcare Technologies Inc. (NYSE:MRM) shares dropped 1.8% during trading on Friday . The stock traded as low as $1.35 and last traded at $1.39. Approximately 19,905 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 704,039 shares. The stock had previously closed at $1.41.

MEDIROM Healthcare Technologies Stock Down 1.8%

The firm’s fifty day moving average is $1.40 and its 200 day moving average is $1.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MEDIROM Healthcare Technologies stock. Heights Capital Management Inc. acquired a new position in shares of MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,582 shares of the company’s stock, valued at approximately $37,000. Heights Capital Management Inc. owned 0.72% of MEDIROM Healthcare Technologies as of its most recent filing with the Securities and Exchange Commission.

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.