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

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

Mastech Digital Stock Performance

NYSE MHH opened at $13.73 on Wednesday. The firm has a 50 day simple moving average of $14.42 and a 200-day simple moving average of $11.60. Mastech Digital has a one year low of $7.15 and a one year high of $16.00. The firm has a market cap of $160.72 million, a price-to-earnings ratio of -72.26, a PEG ratio of 1.42 and a beta of 0.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MHH. Truvestments Capital LLC purchased a new position in shares of Mastech Digital in the third quarter valued at approximately $29,000. Barclays PLC lifted its stake in Mastech Digital by 86.9% in the third quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after acquiring an additional 3,042 shares during the last quarter. Virtu Financial LLC purchased a new position in Mastech Digital in the third quarter worth approximately $101,000. HighTower Advisors LLC lifted 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 acquiring an additional 6,809 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Mastech Digital by 15.9% in the third 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 last quarter. Hedge funds and other institutional investors 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.