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

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) 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”.

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

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.