Mastech Digital (NYSE:MHH) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of Mastech Digital (NYSE:MHH) from a strong-buy rating to a buy rating in a report released on Monday morning.

Mastech Digital Stock Performance

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

Institutional Trading of Mastech Digital

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Mastech Digital by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock worth $1,705,000 after acquiring an additional 5,236 shares during the last quarter. Truvestments Capital LLC acquired a new position in Mastech Digital in the third quarter worth $29,000. HighTower Advisors LLC boosted its stake in Mastech Digital by 19.5% in the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares in the last quarter. Barclays PLC grew its holdings 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 last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Mastech Digital by 15.9% in the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock valued at $478,000 after buying an additional 6,544 shares during the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

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.