Medirom Healthcare Technologies (NASDAQ:MRM) Shares Down 2.4% – Here’s What Happened

Medirom Healthcare Technologies Inc. (NASDAQ:MRM)’s share price fell 2.4% during mid-day trading on Thursday . The company traded as low as $1.23 and last traded at $1.23. 8,330 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 906,670 shares. The stock had previously closed at $1.26.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Medirom Healthcare Technologies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Medirom Healthcare Technologies Stock Performance

The company has a quick ratio of 0.21, a current ratio of 0.24 and a debt-to-equity ratio of 2.42. The business has a 50 day simple moving average of $1.46.

About Medirom Healthcare Technologies

MEDIROM Healthcare Technologies Inc provides holistic healthcare services in Japan. It operates in two segments, Relaxation Salon and Digital Preventative Healthcare. 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.