Mastech Digital (NYSE:MHH) Shares Down 2.6% – Time to Sell?

Shares of Mastech Digital, Inc. (NYSE:MHH) fell 2.6% during mid-day trading on Thursday . The stock traded as low as $7.50 and last traded at $7.50. 2,978 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 18,444 shares. The stock had previously closed at $7.70.

Mastech Digital Price Performance

The stock has a market capitalization of $89.98 million, a P/E ratio of 25.86, a PEG ratio of 0.79 and a beta of 0.86. The stock’s fifty day moving average is $7.17 and its 200-day moving average is $6.79.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MHH. &PARTNERS raised its stake in shares of Mastech Digital by 15.8% in the 4th quarter. &PARTNERS now owns 12,510 shares of the company’s stock valued at $87,000 after acquiring an additional 1,707 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Mastech Digital by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 170,125 shares of the company’s stock worth $1,297,000 after purchasing an additional 3,357 shares during the last quarter. Cetera Investment Advisers boosted its position in Mastech Digital by 18.8% during the second quarter. Cetera Investment Advisers now owns 25,107 shares of the company’s stock worth $180,000 after purchasing an additional 3,975 shares during the period. Janney Montgomery Scott LLC boosted its position in Mastech Digital by 57.9% during the first quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company’s stock worth $121,000 after purchasing an additional 7,800 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Mastech Digital during the first quarter valued at approximately $148,000. Institutional investors and hedge funds own 18.43% of the company’s stock.

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.