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

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

Mastech Digital Stock Performance

Shares of MHH stock opened at $15.08 on Thursday. The firm’s 50 day moving average price is $14.74 and its two-hundred day moving average price is $11.99. The stock has a market cap of $176.53 million, a PE ratio of -79.37, a PEG ratio of 1.42 and a beta of 0.59. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $16.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHH. Virtu Financial LLC bought a new stake in shares of Mastech Digital in the third quarter valued at about $101,000. HighTower Advisors LLC raised its holdings in shares of Mastech Digital by 19.5% in the third 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 last quarter. Geode Capital Management LLC boosted its holdings 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in Mastech Digital by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after buying an additional 5,236 shares during the last quarter. Finally, 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 buying an additional 3,042 shares during the last quarter. 18.43% of the stock is currently owned by 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.