Mastech Digital (NYSE:MHH) Trading 6% Higher – What’s Next?

Mastech Digital, Inc. (NYSE:MHH) shot up 6% during trading on Tuesday . The stock traded as high as $14.32 and last traded at $14.52. 15,491 shares were traded during mid-day trading, a decline of 43% from the average session volume of 27,016 shares. The stock had previously closed at $13.70.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mastech Digital from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 3rd.

Mastech Digital Stock Up 0.2 %

The company has a market cap of $167.45 million, a PE ratio of -75.26, a price-to-earnings-growth ratio of 0.85 and a beta of 0.58. The business’s 50 day moving average price is $14.59 and its 200-day moving average price is $13.24.

Institutional Trading of Mastech Digital

Hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Mastech Digital in the third quarter worth $29,000. Barclays PLC increased its stake in shares of Mastech Digital by 86.9% in the third quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after buying an additional 3,042 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Mastech Digital in the third quarter worth $101,000. HighTower Advisors LLC increased its stake in shares of 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 buying an additional 6,809 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Mastech Digital by 15.9% in the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after buying an additional 6,544 shares during the last quarter. Hedge funds and other 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.