MEDIROM Healthcare Technologies (NYSE:MRM) Stock Price Down 1.6% – Time to Sell?

MEDIROM Healthcare Technologies Inc. (NYSE:MRM)’s share price fell 1.6% on Tuesday . The stock traded as low as $0.92 and last traded at $0.94. 34,808 shares changed hands during mid-day 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 Trading Down 1.6 %

The company has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $2.64.

Hedge Funds Weigh In On MEDIROM Healthcare Technologies

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

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.