MEDIROM Healthcare Technologies (NYSE:MRM) Shares Down 9.5% – Time to Sell?

MEDIROM Healthcare Technologies Inc. (NYSE:MRM) traded down 9.5% during trading on Thursday . The company traded as low as $1.37 and last traded at $1.43. 158,167 shares traded hands during trading, a decline of 27% from the average session volume of 216,603 shares. The stock had previously closed at $1.58.

MEDIROM Healthcare Technologies Stock Performance

The firm’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $3.61.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MEDIROM Healthcare Technologies stock. Virtu Financial LLC bought a new stake in shares of MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,942 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.22% of MEDIROM Healthcare Technologies as of its most recent SEC filing.

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.