StockNews.com upgraded shares of Mastech Digital (NYSE:MHH – Free Report) from a buy rating to a strong-buy rating in a research report released on Friday.
Mastech Digital Stock Up 8.9 %
Shares of NYSE:MHH opened at $14.86 on Friday. The business has a 50 day moving average price of $14.73 and a 200 day moving average price of $12.50. The company has a market cap of $173.95 million, a price-to-earnings ratio of -78.21, a PEG ratio of 1.38 and a beta of 0.58. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $16.00.
Hedge Funds Weigh In On Mastech Digital
Large investors have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in Mastech Digital in the 3rd quarter worth $29,000. Barclays PLC grew its position in 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 buying an additional 3,042 shares in the last quarter. Virtu Financial LLC bought a new position in Mastech Digital during the third quarter valued at about $101,000. HighTower Advisors LLC raised its holdings in Mastech Digital by 19.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock valued at $417,000 after acquiring an additional 6,809 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Mastech Digital by 15.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after acquiring an additional 6,544 shares during the period. 18.43% of the stock is currently owned by institutional investors and hedge funds.
About Mastech Digital
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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