Mastech Digital (NYSE:MHH) Shares Down 1.7% - Here's What Happened

Mastech Digital, Inc. (NYSE:MHH - Get Free Report)'s stock price traded down 1.7% during trading on Tuesday . The stock traded as low as $13.33 and last traded at $13.33. 14,288 shares changed hands during trading, a decline of 18% from the average session volume of 17,526 shares. The stock had previously closed at $13.55.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mastech Digital from a "buy" rating to a "strong-buy" rating in a research report on Friday, January 3rd.

Mastech Digital Stock Performance

The stock has a 50 day moving average of $13.85 and a two-hundred day moving average of $14.19. The stock has a market cap of $152.82 million, a PE ratio of -68.68, a PEG ratio of 0.80 and a beta of 0.56.

Hedge Funds Weigh In On Mastech Digital

Several institutional investors have recently bought and sold shares of the stock. Northern Trust Corp raised its position in shares of Mastech Digital by 74.3% in the fourth quarter. Northern Trust Corp now owns 25,631 shares of the company's stock valued at $382,000 after purchasing an additional 10,930 shares during the period. Dimensional Fund Advisors LP grew its stake in Mastech Digital by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company's stock valued at $3,557,000 after buying an additional 3,922 shares during the last quarter. Marshall Wace LLP bought a new position in Mastech Digital in the 4th quarter worth $156,000. Barclays PLC lifted its position in Mastech Digital by 24.1% during 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. Finally, Renaissance Technologies LLC boosted its holdings in Mastech Digital by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 111,727 shares of the company's stock valued at $1,665,000 after acquiring an additional 2,600 shares during the period. 18.43% of the stock is currently owned by institutional investors.

Mastech Digital Company Profile

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.