MEDIROM Healthcare Technologies (NYSE:MRM) Shares Down 1.6% – Should You Sell?

MEDIROM Healthcare Technologies Inc. (NYSE:MRM) shares fell 1.6% during mid-day trading on Tuesday . The stock traded as low as $0.92 and last traded at $0.94. 34,808 shares were traded during trading, a decline of 53% from the average session volume of 74,482 shares. The stock had previously closed at $0.95.

MEDIROM Healthcare Technologies Stock Performance

The stock’s 50-day moving average is $1.41 and its 200-day moving average is $2.64.

Institutional Trading of MEDIROM Healthcare Technologies

A hedge fund recently bought a new stake in MEDIROM Healthcare Technologies stock. Virtu Financial LLC bought a new stake in shares of MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,942 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.22% of MEDIROM Healthcare Technologies at the end of the most recent quarter.

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.