Mastech Digital (NYSE:MHH) Shares Down 1.7% – Here’s Why

Shares of Mastech Digital, Inc. (NYSE:MHH) dropped 1.7% during trading on Tuesday . The company traded as low as $13.33 and last traded at $13.33. Approximately 14,288 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 17,526 shares. The stock had previously closed at $13.55.

Analysts Set New Price Targets

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

Mastech Digital Trading Down 1.4 %

The business has a 50 day moving average price of $14.02 and a 200 day moving average price of $14.04. The company has a market capitalization of $152.93 million, a P/E ratio of -68.74, a PEG ratio of 0.80 and a beta of 0.56.

Institutional Trading of Mastech Digital

A number of large investors have recently bought and sold shares of the business. Truvestments Capital LLC acquired a new position in Mastech Digital during the 3rd quarter worth approximately $29,000. HighTower Advisors LLC boosted its position 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 acquiring an additional 6,809 shares during the last quarter. Barclays PLC boosted its position in Mastech Digital by 86.9% during the 3rd quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after acquiring an additional 3,042 shares during the last quarter. Geode Capital Management LLC boosted its position in Mastech Digital by 15.9% during the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after acquiring an additional 6,544 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Mastech Digital during the 3rd quarter worth approximately $101,000. 18.43% of the stock is owned by institutional investors.

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.