Mastech Digital (NYSE:MHH) Stock Price Down 2.8% – Should You Sell?

Mastech Digital, Inc. (NYSE:MHH) was down 2.8% on Friday . The company traded as low as $7.72 and last traded at $7.76. Approximately 9,247 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 17,545 shares. The stock had previously closed at $7.98.

Mastech Digital Trading Down 2.8%

The firm has a 50 day simple moving average of $7.52 and a 200 day simple moving average of $6.87. The firm has a market capitalization of $93.10 million, a PE ratio of 26.76, a P/E/G ratio of 0.79 and a beta of 0.85.

Institutional Investors Weigh In On Mastech Digital

Institutional investors have recently modified their holdings of the business. &PARTNERS raised its position in Mastech Digital by 15.8% in the 4th quarter. &PARTNERS now owns 12,510 shares of the company’s stock worth $87,000 after buying an additional 1,707 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Mastech Digital by 57.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company’s stock valued at $121,000 after acquiring an additional 7,800 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Mastech Digital during the 1st quarter valued at about $148,000. Cetera Investment Advisers grew its stake in shares of Mastech Digital by 18.8% in the second quarter. Cetera Investment Advisers now owns 25,107 shares of the company’s stock worth $180,000 after acquiring an additional 3,975 shares during the period. Finally, Advyzon Investment Management LLC raised its holdings in shares of 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 purchasing an additional 19,956 shares during the last quarter. 18.43% of the stock is owned by hedge funds and other 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.