Mastech Digital (NYSE:MHH) Stock Price Down 0.8% – Here’s What Happened

Mastech Digital, Inc. (NYSE:MHH) shares were down 0.8% during trading on Wednesday . The company traded as low as $7.51 and last traded at $7.63. 4,841 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 19,453 shares. The stock had previously closed at $7.69.

Mastech Digital Price Performance

The firm has a 50 day moving average of $6.88 and a two-hundred day moving average of $6.74. The stock has a market cap of $92.50 million, a PE ratio of 26.59, a PEG ratio of 0.79 and a beta of 0.90.

Institutional Investors Weigh In On Mastech Digital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Management Corp VA boosted its stake in 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 acquiring an additional 57,420 shares in the last quarter. Indivisible Partners purchased a new stake in shares of Mastech Digital in the 4th quarter valued at about $321,000. Advyzon Investment Management LLC lifted its holdings in shares of Mastech Digital by 90.4% in 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 last quarter. NewEdge Advisors LLC acquired a new stake in shares of Mastech Digital in the 1st quarter valued at about $148,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Mastech Digital by 57.9% in 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. 18.43% of the stock is currently 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.