Medirom Healthcare Technologies (NASDAQ:MRM) Shares Up 5.3% – Still a Buy?

by · The Markets Daily

Medirom Healthcare Technologies Inc. (NASDAQ:MRM – Get Free Report) shot up 5.3% during mid-day trading on Thursday. The stock traded as high as $0.58 and last traded at $0.5790. 8,430 shares changed hands during trading, a decline of 63% from the average session volume of 22,824 shares. The stock had previously closed at $0.5499.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Medirom Healthcare Technologies in a report on Tuesday, August 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Stock Report on Medirom Healthcare Technologies

Medirom Healthcare Technologies Stock Performance

The company’s fifty day simple moving average is $0.85 and its two-hundred day simple moving average is $1.01.

Medirom Healthcare Technologies Company Profile

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Medirom Healthcare Technologies Inc is a Japan-based healthcare and wellness company that provides relaxation, body-care and preventive-health services. Its core business operates under the Re.Ra.Ku brand, a network of studios offering services such as relaxation treatments, stretching and other wellness programs intended to support customers’ physical well-being.

The company also develops digital preventive-healthcare products and services. These initiatives include wearable technology designed to collect health-related data and support ongoing wellness management, including the MOTHER Bracelet, a device marketed as a low-maintenance activity and health-monitoring wearable.

Medirom serves customers primarily in Japan through its physical locations and technology-based healthcare offerings.

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