StockNews.com Downgrades Mastech Digital (NYSE:MHH) to Buy

Mastech Digital (NYSE:MHH) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

Mastech Digital Trading Up 10.0 %

NYSE:MHH opened at $15.82 on Monday. The company has a 50-day moving average of $11.83 and a 200-day moving average of $10.56. The firm has a market cap of $185.25 million, a price-to-earnings ratio of -83.26, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $15.88.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new stake in shares of Mastech Digital during the 3rd quarter valued at $29,000. Barclays PLC raised 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 purchasing an additional 3,042 shares during the period. Virtu Financial LLC purchased a new stake in shares of Mastech Digital during the third quarter valued at $101,000. HighTower Advisors LLC boosted its position in shares of 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 purchasing an additional 6,809 shares during the period. Finally, Geode Capital Management LLC increased its stake in 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 purchasing an additional 6,544 shares in the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

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.