Mastech Digital (NYSE:MHH) Trading Down 2.7% – What’s Next?

Shares of Mastech Digital, Inc. (NYSE:MHH) dropped 2.7% during mid-day trading on Tuesday . The company traded as low as $14.60 and last traded at $15.00. Approximately 36,732 shares changed hands during trading, a decline of 17% from the average daily volume of 44,430 shares. The stock had previously closed at $15.41.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Mastech Digital from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 26th.

Mastech Digital Trading Down 0.1 %

The company has a market capitalization of $174.42 million, a price-to-earnings ratio of -78.42, a PEG ratio of 1.38 and a beta of 0.59. The company has a 50 day moving average price of $14.78 and a 200 day moving average price of $12.26.

Institutional Trading of Mastech Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Mastech Digital during the 3rd quarter valued at $101,000. HighTower Advisors LLC raised its holdings in Mastech Digital by 19.5% in the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares during the period. Geode Capital Management LLC boosted its position in shares of Mastech Digital by 15.9% during the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after purchasing an additional 6,544 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mastech Digital by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after buying an additional 5,236 shares during the period. Finally, Barclays PLC increased its position in shares of Mastech Digital by 86.9% in the 3rd quarter. Barclays PLC now owns 6,544 shares of the company’s stock valued at $65,000 after buying an additional 3,042 shares in the last quarter. 18.43% of the stock is owned by institutional investors.

Mastech Digital Company Profile

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.