Mastech Digital (NYSE:MHH) Shares Down 4.3% – Should You Sell?

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

Wall Street Analyst Weigh In

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

Mastech Digital Trading Down 4.3 %

The stock has a market cap of $167.40 million, a P/E ratio of -75.26, a price-to-earnings-growth ratio of 1.39 and a beta of 0.59. The business has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $11.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Mastech Digital in the 3rd quarter worth about $29,000. Barclays PLC grew its stake in Mastech Digital by 86.9% during the third quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after purchasing an additional 3,042 shares during the period. Dimensional Fund Advisors LP grew its stake in Mastech Digital by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock worth $1,705,000 after purchasing an additional 5,236 shares during the period. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 6,544 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Mastech Digital by 19.5% in the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock valued at $417,000 after buying an additional 6,809 shares during the period. Institutional investors and hedge funds 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.