Mastech Digital (NYSE:MHH) Trading 1.8% Higher – Still a Buy?

Mastech Digital, Inc. (NYSE:MHH)’s stock price traded up 1.8% during trading on Thursday . The stock traded as high as $7.01 and last traded at $6.93. 21,895 shares traded hands during trading, an increase of 19% from the average session volume of 18,368 shares. The stock had previously closed at $6.81.

Mastech Digital Trading Up 1.8%

The firm has a 50 day moving average of $7.22 and a two-hundred day moving average of $7.36. The stock has a market capitalization of $81.06 million, a PE ratio of 23.90, a P/E/G ratio of 0.79 and a beta of 0.82.

Institutional Investors Weigh In On Mastech Digital

Several institutional investors and hedge funds have recently made changes to their positions in MHH. NewEdge Advisors LLC purchased a new position in Mastech Digital during the 1st quarter valued at about $148,000. Janney Montgomery Scott LLC lifted its holdings in shares of Mastech Digital by 17.9% in the second quarter. Janney Montgomery Scott LLC now owns 16,500 shares of the company’s stock valued at $118,000 after purchasing an additional 2,500 shares in the last quarter. Capital Management Corp VA grew its position in shares of Mastech Digital by 14.1% in the second quarter. Capital Management Corp VA now owns 881,578 shares of the company’s stock valued at $6,321,000 after purchasing an additional 109,037 shares during the last quarter. James Investment Research Inc. purchased a new position in shares of Mastech Digital during the 2nd quarter worth approximately $87,000. Finally, Access Investment Management LLC acquired a new position in shares of Mastech Digital during the 2nd quarter worth approximately $859,000. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

About Mastech Digital

Mastech Digital (NYSE: MHH) is a technology services and digital transformation company that provides end-to-end solutions to help organizations modernize their operations. Headquartered in Pittsburgh, Pennsylvania, the company offers a combination of IT staffing and project-based delivery, enabling clients to accelerate cloud adoption, data analytics initiatives, and digital product development. Its blended service model supports enterprises looking to scale technology teams and implement complex digital strategies.

The company’s service portfolio includes IT staffing and recruitment, digital transformation consulting, and specialized digital solutions such as data management, analytics, artificial intelligence, and robotic process automation.