Mastech Digital (NYSE:MHH) Shares Down 51.4% – Should You Sell?

Mastech Digital, Inc. (NYSE:MHH)’s share price traded down 51.4% on Friday . The company traded as low as $13.33 and last traded at $6.58. 14,288 shares traded hands during trading, a decline of 30% from the average session volume of 20,407 shares. The stock had previously closed at $13.55.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Mastech Digital from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st.

Mastech Digital Stock Performance

The stock has a market capitalization of $77.18 million, a price-to-earnings ratio of 22.62, a P/E/G ratio of 0.79 and a beta of 0.78. The firm has a fifty day moving average of $6.94 and a 200-day moving average of $8.01.

Hedge Funds Weigh In On Mastech Digital

A number of large investors have recently bought and sold shares of MHH. Capital Management Corp VA increased its stake in shares of Mastech Digital by 12.6% during the first quarter. Capital Management Corp VA now owns 772,541 shares of the company’s stock valued at $7,888,000 after acquiring an additional 86,290 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Mastech Digital by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company’s stock valued at $3,557,000 after acquiring an additional 3,922 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Mastech Digital by 39.0% during the first quarter. Envestnet Asset Management Inc. now owns 195,264 shares of the company’s stock valued at $1,994,000 after acquiring an additional 54,766 shares during the period. Renaissance Technologies LLC increased its stake in shares of Mastech Digital by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 111,727 shares of the company’s stock valued at $1,665,000 after acquiring an additional 2,600 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Mastech Digital by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 51,384 shares of the company’s stock valued at $766,000 after acquiring an additional 3,631 shares during the period. Institutional investors own 18.43% of the company’s stock.

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.