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

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

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 Friday, January 3rd.

Mastech Digital Price Performance

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

Institutional Investors Weigh In On Mastech Digital

Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Mastech Digital in the third quarter worth approximately $101,000. Barclays PLC boosted its position 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 acquiring an additional 3,042 shares during the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 6,544 shares during the last quarter. HighTower Advisors LLC raised its holdings 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. Finally, Truvestments Capital LLC purchased a new position in Mastech Digital in the third quarter valued at approximately $29,000. 18.43% of the stock is owned by institutional investors and hedge funds.

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.