Mastech Digital (NYSE:MHH) Rating Increased to Strong-Buy at StockNews.com

Mastech Digital (NYSE:MHHGet Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Mastech Digital Price Performance

Shares of NYSE:MHH traded down $0.65 during mid-day trading on Tuesday, reaching $14.30. 19,700 shares of the company were exchanged, compared to its average volume of 11,973. The firm has a market cap of $167.40 million, a price-to-earnings ratio of -75.26, a P/E/G ratio of 1.39 and a beta of 0.59. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $16.00. The firm’s 50-day simple moving average is $13.85 and its 200 day simple moving average is $11.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MHH. Truvestments Capital LLC acquired a new stake in Mastech Digital during the 3rd quarter worth approximately $29,000. Barclays PLC increased its position in shares of Mastech Digital by 86.9% during the third quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after acquiring an additional 3,042 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mastech Digital by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after purchasing an additional 5,236 shares during the period. Geode Capital Management LLC grew its stake in Mastech Digital by 15.9% during the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after purchasing an additional 6,544 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Mastech Digital by 19.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares during the period. Hedge funds and other institutional investors own 18.43% of the company’s stock.

Mastech Digital Company Profile

(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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