Mastech Digital, Inc. (NYSE:MHH - Get Free Report) traded down 42.4% on Friday . The company traded as low as $13.33 and last traded at $7.80. 14,288 shares changed hands during trading, a decline of 29% from the average session volume of 20,117 shares. The stock had previously closed at $13.55.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Mastech Digital from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.
View Our Latest Stock Report on Mastech Digital
Mastech Digital Stock Up 1.6%
The stock has a market capitalization of $80.65 million, a price-to-earnings ratio of 23.64, a P/E/G ratio of 0.79 and a beta of 0.81. The business has a 50-day simple moving average of $7.66 and a two-hundred day simple moving average of $8.65.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Mastech Digital by 24.1% in the fourth quarter. Barclays PLC now owns 8,120 shares of the company's stock worth $122,000 after purchasing an additional 1,576 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Mastech Digital in the first quarter valued at $148,000. Marshall Wace LLP acquired a new position in shares of Mastech Digital during the fourth quarter worth approximately $156,000. Citadel Advisors LLC bought a new stake in shares of Mastech Digital during the fourth quarter worth $159,000. Finally, Cetera Investment Advisers grew its position in shares of Mastech Digital by 37.5% during the 1st quarter. Cetera Investment Advisers now owns 21,132 shares of the company's stock worth $216,000 after buying an additional 5,761 shares during the period. 18.43% of the stock is owned by institutional investors and hedge funds.
About Mastech Digital
(
Get Free Report)
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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