Mastech Digital (NYSE:MHH) Trading Down 4.3% – Here’s What Happened

Mastech Digital, Inc. (NYSE:MHH) traded down 4.3% during mid-day trading on Tuesday . The stock traded as low as $14.25 and last traded at $14.30. 19,757 shares traded hands during trading, a decline of 61% from the average session volume of 50,553 shares. The stock had previously closed at $14.95.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mastech Digital from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Mastech Digital Stock Performance

The company has a 50 day moving average price of $13.85 and a 200 day moving average price of $11.25. The company has a market capitalization of $167.40 million, a price-to-earnings ratio of -75.26, a P/E/G ratio of 1.39 and a beta of 0.59.

Institutional Investors Weigh In On Mastech Digital

Several hedge funds and other institutional investors have recently modified their holdings of MHH. Dimensional Fund Advisors LP grew its holdings in shares of Mastech Digital by 2.4% during the second 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 last quarter. Truvestments Capital LLC bought a new position in Mastech Digital in the 3rd quarter valued at about $29,000. Barclays PLC lifted its position in 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 acquiring an additional 3,042 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mastech Digital by 15.9% during the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock valued at $478,000 after purchasing an additional 6,544 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Mastech Digital by 19.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares in the last quarter. Institutional investors own 18.43% of the company’s stock.

About Mastech Digital

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.