Mastech Digital (NYSE:MHH) Trading Down 2.3% – Time to Sell?

Mastech Digital, Inc. (NYSE:MHH) shares were down 2.3% during mid-day trading on Monday . The stock traded as low as $6.27 and last traded at $6.51. Approximately 23,871 shares changed hands during trading, an increase of 54% from the average daily volume of 15,508 shares. The stock had previously closed at $6.66.

Mastech Digital Stock Performance

The company has a market cap of $76.15 million, a P/E ratio of 22.45, a P/E/G ratio of 0.79 and a beta of 0.83. The stock has a 50-day simple moving average of $7.02 and a 200 day simple moving average of $7.26.

Insider Activity at Mastech Digital

In other Mastech Digital news, major shareholder Steven A. Shaw bought 4,480 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were acquired at an average cost of $6.96 per share, for a total transaction of $31,180.80. Following the transaction, the insider owned 1,344,658 shares in the company, valued at approximately $9,358,819.68. The trade was a 0.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 8,953 shares of company stock worth $63,445. 43.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHH. NewEdge Advisors LLC acquired a new stake in Mastech Digital during the first quarter valued at approximately $148,000. James Investment Research Inc. bought a new position in shares of Mastech Digital during the 2nd quarter worth approximately $87,000. Access Investment Management LLC acquired a new stake in Mastech Digital in the 2nd quarter valued at $859,000. Cetera Investment Advisers boosted its stake in Mastech Digital by 18.8% in the 2nd quarter. Cetera Investment Advisers now owns 25,107 shares of the company’s stock valued at $180,000 after buying an additional 3,975 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Mastech Digital by 2.0% in the third quarter. Vanguard Group Inc. now owns 170,125 shares of the company’s stock valued at $1,297,000 after acquiring an additional 3,357 shares during the period. Institutional investors own 18.43% of the company’s stock.

About Mastech Digital

Mastech Digital (NYSE: MHH) is a technology services and digital transformation company that provides end-to-end solutions to help organizations modernize their operations. Headquartered in Pittsburgh, Pennsylvania, the company offers a combination of IT staffing and project-based delivery, enabling clients to accelerate cloud adoption, data analytics initiatives, and digital product development. Its blended service model supports enterprises looking to scale technology teams and implement complex digital strategies.

The company’s service portfolio includes IT staffing and recruitment, digital transformation consulting, and specialized digital solutions such as data management, analytics, artificial intelligence, and robotic process automation.