MEDIROM Healthcare Technologies (NYSE:MRM) Stock Price Down 4.4% – Here’s Why

MEDIROM Healthcare Technologies Inc. (NYSE:MRM) shares traded down 4.4% on Monday . The stock traded as low as $0.98 and last traded at $0.99. 69,846 shares were traded during mid-day 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 Stock Performance

The company’s 50 day moving average price is $1.96 and its two-hundred day moving average price is $2.96.

Hedge Funds Weigh In On MEDIROM Healthcare Technologies

A hedge fund recently bought a new stake in MEDIROM Healthcare Technologies stock. Virtu Financial LLC acquired a new position in MEDIROM Healthcare Technologies Inc. (NYSE:MRM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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.

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.