Mastech Digital (NYSE:MHH) Trading Down 0.8% – Here’s Why

Shares of Mastech Digital, Inc. (NYSE:MHH) fell 0.8% on Wednesday . The company traded as low as $7.51 and last traded at $7.63. Approximately 4,841 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 19,453 shares. The stock had previously closed at $7.69.

Mastech Digital Trading Down 0.8%

The company has a fifty day moving average of $6.85 and a two-hundred day moving average of $6.73. The stock has a market capitalization of $91.54 million, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90.

Institutional Trading of Mastech Digital

Several large investors have recently modified their holdings of MHH. Capital Management Corp VA grew its stake in Mastech Digital by 7.1% in the 4th quarter. Capital Management Corp VA now owns 862,329 shares of the company’s stock valued at $6,019,000 after buying an additional 57,420 shares during the last quarter. Vanguard Group Inc. lifted its position in Mastech Digital by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 170,125 shares of the company’s stock worth $1,297,000 after acquiring an additional 3,357 shares during the last quarter. Indivisible Partners acquired a new position in Mastech Digital during the 4th quarter worth $321,000. Advyzon Investment Management LLC boosted its holdings in Mastech Digital by 90.4% during the fourth quarter. Advyzon Investment Management LLC now owns 42,037 shares of the company’s stock valued at $293,000 after acquiring an additional 19,956 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Mastech Digital by 18.8% during the second quarter. Cetera Investment Advisers now owns 25,107 shares of the company’s stock valued at $180,000 after acquiring an additional 3,975 shares during the period. 18.43% of the stock is owned by institutional investors.

Mastech Digital Company Profile

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.