Mastech Digital (NYSE:MHH) Shares Down 51.4% - Should You Sell?

Mastech Digital, Inc. (NYSE:MHH - Get Free Report)'s share price traded down 51.4% on Friday . The company traded as low as $13.33 and last traded at $6.58. 14,288 shares traded hands during trading, a decline of 30% from the average session volume of 20,407 shares. The stock had previously closed at $13.55.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Mastech Digital from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Mastech Digital Stock Performance

The stock has a market capitalization of $77.18 million, a price-to-earnings ratio of 22.62, a P/E/G ratio of 0.79 and a beta of 0.78. The firm has a fifty day moving average of $6.94 and a 200-day moving average of $8.01.

Hedge Funds Weigh In On Mastech Digital

A number of large investors have recently bought and sold shares of MHH. Capital Management Corp VA increased its stake in shares of Mastech Digital by 12.6% during the first quarter. Capital Management Corp VA now owns 772,541 shares of the company's stock valued at $7,888,000 after acquiring an additional 86,290 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Mastech Digital by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company's stock valued at $3,557,000 after acquiring an additional 3,922 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Mastech Digital by 39.0% during the first quarter. Envestnet Asset Management Inc. now owns 195,264 shares of the company's stock valued at $1,994,000 after acquiring an additional 54,766 shares during the period. Renaissance Technologies LLC increased its stake in shares of Mastech Digital by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 111,727 shares of the company's stock valued at $1,665,000 after acquiring an additional 2,600 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Mastech Digital by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 51,384 shares of the company's stock valued at $766,000 after acquiring an additional 3,631 shares during the period. Institutional investors own 18.43% of the company's stock.

Mastech Digital Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.