Mastech Digital, Inc. (NYSE:MHH - Get Free Report)'s stock price fell 27.7% during trading on Tuesday . The stock traded as low as $13.33 and last traded at $9.79. 14,288 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 17,644 shares. The stock had previously closed at $13.55.
Analysts Set New Price Targets
Separately, StockNews.com raised Mastech Digital from a "buy" rating to a "strong-buy" rating in a research report on Friday, January 3rd.
Check Out Our Latest Report on Mastech Digital
Mastech Digital Stock Performance
The firm has a market capitalization of $120.01 million, a P/E ratio of 35.24, a price-to-earnings-growth ratio of 0.79 and a beta of 0.77. The business has a fifty day moving average of $10.19 and a 200-day moving average of $12.71.
Mastech Digital (NYSE:MHH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Mastech Digital had a net margin of 1.71% and a return on equity of 8.20%. During the same period in the prior year, the company earned $0.11 earnings per share. On average, equities research analysts forecast that Mastech Digital, Inc. will post 0.84 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Mastech Digital
A number of institutional investors have recently added to or reduced their stakes in MHH. Truvestments Capital LLC bought a new position in Mastech Digital during the third quarter valued at about $29,000. Barclays PLC lifted its holdings in Mastech Digital by 86.9% in the 3rd quarter. Barclays PLC now owns 6,544 shares of the company's stock valued at $65,000 after acquiring an additional 3,042 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Mastech Digital during the 3rd quarter valued at about $101,000. Marshall Wace LLP acquired a new position in shares of Mastech Digital in the 4th quarter worth approximately $156,000. Finally, Citadel Advisors LLC bought a new stake in shares of Mastech Digital in the 4th quarter worth approximately $159,000. 18.43% of the stock is currently owned by institutional investors and hedge funds.
About Mastech Digital
(
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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