Mastech Digital, Inc. (NYSE:MHH - Get Free Report)'s share price shot up 1.9% on Thursday . The company traded as high as $8.34 and last traded at $7.85. 28,099 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 21,743 shares. The stock had previously closed at $7.70.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Mastech Digital from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.
Read Our Latest Report on MHH
Mastech Digital Stock Performance
The company's 50-day moving average price is $6.87 and its two-hundred day moving average price is $7.57. The stock has a market cap of $96.71 million, a PE ratio of 28.35, a PEG ratio of 0.79 and a beta of 0.73.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in Mastech Digital by 17.9% during the second quarter. Janney Montgomery Scott LLC now owns 16,500 shares of the company's stock valued at $118,000 after purchasing an additional 2,500 shares during the period. Barclays PLC raised its holdings in Mastech Digital by 24.1% in the 4th quarter. Barclays PLC now owns 8,120 shares of the company's stock worth $122,000 after acquiring an additional 1,576 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Mastech Digital in the 1st quarter worth approximately $148,000. Marshall Wace LLP bought a new stake in shares of Mastech Digital during the 4th quarter valued at $156,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Mastech Digital during the 4th quarter valued at about $159,000. 18.43% of the stock is currently owned by institutional investors and hedge funds.
Mastech Digital Company Profile
(
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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