Mastech Digital (NYSE:MHH) Shares Down 0.5% – What’s Next?

Mastech Digital, Inc. (NYSE:MHH)’s stock price was down 0.5% during trading on Friday . The stock traded as low as $6.21 and last traded at $6.21. Approximately 1,255 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 17,028 shares. The stock had previously closed at $6.24.

Mastech Digital Stock Performance

The company’s 50-day moving average is $6.44 and its 200-day moving average is $6.77. The firm has a market cap of $74.51 million, a price-to-earnings ratio of 21.41, a P/E/G ratio of 0.79 and a beta of 0.93.

Institutional Investors Weigh In On Mastech Digital

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its position in Mastech Digital by 57.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,278 shares of the company’s stock valued at $121,000 after purchasing an additional 7,800 shares during the period. &PARTNERS lifted its position in Mastech Digital by 15.8% during the 4th quarter. &PARTNERS now owns 12,510 shares of the company’s stock valued at $87,000 after purchasing an additional 1,707 shares during the period. Advyzon Investment Management LLC lifted its position in Mastech Digital by 90.4% during the 4th 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 period. Indivisible Partners acquired a new position in Mastech Digital during the 4th quarter valued at about $321,000. Finally, Capital Management Corp VA lifted its position in Mastech Digital by 7.1% during the 4th 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 period. Institutional investors own 18.43% of the company’s stock.

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.