Wall Street Zen cut shares of Mastech Digital (NYSE:MHH - Free Report) from a buy rating to a hold rating in a research report report published on Wednesday.
Mastech Digital Stock Performance
NYSE MHH traded up $0.27 during trading hours on Wednesday, reaching $7.45. The company's stock had a trading volume of 15,700 shares, compared to its average volume of 20,151. The stock has a market cap of $87.65 million, a PE ratio of 25.69, a PEG ratio of 0.79 and a beta of 0.81. Mastech Digital has a fifty-two week low of $6.75 and a fifty-two week high of $16.00. The company's 50-day moving average is $7.72 and its two-hundred day moving average is $9.08.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in Mastech Digital by 2.4% in 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 during the last quarter. Barclays PLC raised its position in shares of Mastech Digital by 86.9% in the third quarter. Barclays PLC now owns 6,544 shares of the company's stock valued at $65,000 after buying an additional 3,042 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Mastech Digital during the fourth quarter valued at approximately $267,000. Geode Capital Management LLC boosted its position in Mastech Digital by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 51,384 shares of the company's stock worth $766,000 after acquiring an additional 3,631 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Mastech Digital in the 4th quarter worth approximately $156,000. 18.43% of the stock is currently owned by institutional investors and hedge funds.
Mastech Digital Company Profile
(
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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.
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