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

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

Mastech Digital Stock Performance

Shares of NYSE MHH opened at $13.73 on Wednesday. The firm has a market cap of $160.72 million, a price-to-earnings ratio of -72.26, a P/E/G ratio of 1.42 and a beta of 0.59. The business’s 50-day simple moving average is $14.42 and its 200-day simple moving average is $11.60. Mastech Digital has a 52 week low of $7.15 and a 52 week high of $16.00.

Institutional Trading of Mastech Digital

Several hedge funds have recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in Mastech Digital during the 3rd quarter valued at approximately $29,000. Barclays PLC lifted its position in shares of Mastech Digital by 86.9% in 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 during the period. Dimensional Fund Advisors LP lifted its position in shares of Mastech Digital by 2.4% in 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 period. Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 6,544 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Mastech Digital by 19.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after buying an additional 6,809 shares during the period. 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.