Mastech Digital (NYSE:MHH) Shares Up 1.4% - Here's Why

Key Points

• Mastech Digital shares rose 1.4% on Thursday, trading as high as $7.21 after closing at $7.11 the prior session.
• The stock saw lighter-than-average volume, with 12,795 shares changing hands versus an average of 15,698.
• Recent filings show institutional interest remains active, as hedge funds and other investors increased or initiated positions, though institutions own only 18.43% of the company.

Mastech Digital, Inc. (NYSE:MHH - Get Free Report)'s share price traded up 1.4% during trading on Thursday . The stock traded as high as $7.21 and last traded at $7.21. 12,795 shares traded hands during trading, a decline of 18% from the average session volume of 15,698 shares. The stock had previously closed at $7.11.

Mastech Digital Stock Up 1.4%

The stock has a market capitalization of $85.63 million, a price-to-earnings ratio of 24.86, a P/E/G ratio of 0.79 and a beta of 0.93. The company's 50-day simple moving average is $6.28 and its 200 day simple moving average is $6.81.

Hedge Funds Weigh In On Mastech Digital

Several hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its position in Mastech Digital by 57.9% during the first quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company's stock worth $121,000 after buying an additional 7,800 shares during the last quarter. &PARTNERS increased its position in Mastech Digital by 15.8% during the fourth 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. Advyzon Investment Management LLC grew its position in shares of Mastech Digital by 90.4% in 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. Indivisible Partners acquired a new stake in shares of Mastech Digital in the fourth quarter valued at about $321,000. Finally, Capital Management Corp VA grew its position in shares of Mastech Digital by 7.1% in the fourth quarter. Capital Management Corp VA now owns 862,329 shares of the company's stock valued at $6,019,000 after purchasing an additional 57,420 shares during the last quarter. 18.43% of the stock is owned by institutional investors and hedge funds.

About Mastech Digital

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.

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