Mastech Digital (NYSE:MHH) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of Mastech Digital (NYSE:MHH) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.

Mastech Digital Trading Up 0.7 %

Shares of NYSE MHH opened at $15.08 on Thursday. The stock has a 50 day moving average of $14.74 and a two-hundred day moving average of $11.99. The stock has a market cap of $176.53 million, a P/E ratio of -79.37, a P/E/G ratio of 1.42 and a beta of 0.59. 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Mastech Digital during the 3rd quarter worth $29,000. Barclays PLC boosted its stake in shares of Mastech Digital by 86.9% during the 3rd quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after acquiring an additional 3,042 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Mastech Digital in the 3rd quarter worth approximately $101,000. HighTower Advisors LLC increased its stake 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 purchasing an additional 6,809 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Mastech Digital by 15.9% during the third 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. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

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.