Mastech Digital (NYSE:MHH) Trading Down 27.7% – Time to Sell?

Mastech Digital, Inc. (NYSE:MHH) traded down 27.7% during trading on Tuesday . The stock traded as low as $13.33 and last traded at $9.79. 14,288 shares traded hands during trading, a decline of 19% from the average session volume of 17,644 shares. The stock had previously closed at $13.55.

Wall Street Analyst Weigh In

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

Mastech Digital Trading Up 1.6 %

The company has a market cap of $113.91 million, a price-to-earnings ratio of 33.45, a P/E/G ratio of 0.79 and a beta of 0.77. The stock’s 50-day moving average is $10.47 and its 200-day moving average is $12.86.

Mastech Digital (NYSE:MHH) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Mastech Digital had a net margin of 1.71% and a return on equity of 8.20%. During the same period in the prior year, the company earned $0.11 earnings per share. As a group, analysts predict that Mastech Digital, Inc. will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Mastech Digital

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Mastech Digital by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company’s stock worth $3,557,000 after purchasing an additional 3,922 shares during the period. Renaissance Technologies LLC increased its stake in Mastech Digital by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 111,727 shares of the company’s stock valued at $1,665,000 after purchasing an additional 2,600 shares in the last quarter. Geode Capital Management LLC increased its stake in Mastech Digital by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 51,384 shares of the company’s stock valued at $766,000 after purchasing an additional 3,631 shares in the last quarter. HighTower Advisors LLC lifted 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 valued at $417,000 after buying an additional 6,809 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Mastech Digital by 74.3% during the fourth quarter. Northern Trust Corp now owns 25,631 shares of the company’s stock worth $382,000 after acquiring an additional 10,930 shares in the last quarter. 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.