Mastech Digital, Inc. (NYSE:MHH - Get Free Report)'s stock price was down 51.4% during trading on Friday . The stock traded as low as $13.33 and last traded at $6.58. Approximately 14,288 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 20,407 shares. The stock had previously closed at $13.55.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Mastech Digital from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.
Get Our Latest Report on Mastech Digital
Mastech Digital Stock Performance
The stock has a market capitalization of $79.18 million, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The business has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $7.97.
Institutional Investors Weigh In On Mastech Digital
A number of large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership acquired a new position in Mastech Digital in the 4th quarter valued at $267,000. Geode Capital Management LLC raised its stake in Mastech Digital by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 51,384 shares of the company's stock valued at $766,000 after purchasing an additional 3,631 shares in the last quarter. Renaissance Technologies LLC lifted its position in Mastech Digital by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 111,727 shares of the company's stock worth $1,665,000 after purchasing an additional 2,600 shares during the period. Barclays PLC grew its stake in Mastech Digital by 24.1% during the fourth quarter. Barclays PLC now owns 8,120 shares of the company's stock worth $122,000 after buying an additional 1,576 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Mastech Digital in the 4th quarter valued at about $156,000. Institutional investors and hedge funds own 18.43% of the company's stock.
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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