Mastech Digital (NYSE:MHH) Stock Price Down 0.5% – Time to Sell?

Mastech Digital, Inc. (NYSE:MHH) dropped 0.5% during mid-day trading on Friday . The company traded as low as $6.21 and last traded at $6.21. Approximately 1,255 shares traded hands during 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 Down 0.5%

The stock has a market cap of $74.51 million, a price-to-earnings ratio of 21.41, a PEG ratio of 0.79 and a beta of 0.93. The stock’s fifty day moving average is $6.44 and its 200-day moving average is $6.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. &PARTNERS boosted its position in shares of 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 period. Janney Montgomery Scott LLC boosted its position in shares of 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 period. NewEdge Advisors LLC acquired a new position in Mastech Digital during the first quarter worth $148,000. Advyzon Investment Management LLC acquired a new position in Mastech Digital during the third quarter worth $168,000. Finally, Cetera Investment Advisers boosted its holdings in Mastech Digital by 18.8% during the second quarter. Cetera Investment Advisers now owns 25,107 shares of the company’s stock worth $180,000 after purchasing an additional 3,975 shares during the last quarter. 18.43% of the stock is owned by institutional investors and hedge funds.

Mastech Digital Company Profile

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.