MEDIROM Healthcare Technologies (NYSE:MRM) Trading Down 4.4% – Should You Sell?

MEDIROM Healthcare Technologies Inc. (NYSE:MRM)’s stock price fell 4.4% during trading on Monday . The company traded as low as $0.98 and last traded at $0.99. 69,846 shares traded hands during trading, a decline of 19% from the average session volume of 86,078 shares. The stock had previously closed at $1.03.

MEDIROM Healthcare Technologies Price Performance

The company has a 50-day moving average price of $1.96 and a 200 day moving average price of $2.96.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MEDIROM Healthcare Technologies stock. Virtu Financial LLC acquired a new stake in shares of MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,942 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.22% of MEDIROM Healthcare Technologies at the end of the most recent reporting period.

About MEDIROM Healthcare Technologies

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.