MEDIROM Healthcare Technologies (NYSE:MRM) Shares Up 3.1% - Here's Why

Key Points

• MEDIROM Healthcare Technologies shares increased by 3.1% during mid-day trading, reaching a high of $2.01 before closing at $1.97.
• The company's trading volume fell significantly to 418,423 shares, down 76% from its average session volume of 1,746,206 shares.
• MEDIROM operates in Japan, focusing on holistic healthcare services that include relaxation salons and digital preventative healthcare.

MEDIROM Healthcare Technologies Inc. (NYSE:MRM - ) shares shot up 3.1% during mid-day trading on Wednesday . The company traded as high as $2.01 and last traded at $1.97. 418,423 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 1,746,206 shares. The stock had previously closed at $1.91.

MEDIROM Healthcare Technologies Price Performance

The business has a 50-day moving average of $1.56 and a 200-day moving average of $1.13.

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.

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