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

Mastech Digital (NYSE:MHHGet Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Mastech Digital Stock Performance

Shares of MHH opened at $15.00 on Thursday. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $16.00. The company’s 50 day simple moving average is $14.78 and its 200 day simple moving average is $12.13. The company has a market capitalization of $175.59 million, a price-to-earnings ratio of -78.95, a PEG ratio of 1.42 and a beta of 0.59.

Institutional Trading of Mastech Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHH. Truvestments Capital LLC acquired a new stake in shares of Mastech Digital during the 3rd quarter worth $29,000. Barclays PLC grew its position in Mastech Digital by 86.9% during the third quarter. Barclays PLC now owns 6,544 shares of the company’s stock valued at $65,000 after acquiring an additional 3,042 shares during the period. Dimensional Fund Advisors LP grew its position in Mastech Digital by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after acquiring an additional 5,236 shares during the period. Geode Capital Management LLC increased its stake 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 acquiring an additional 6,544 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Mastech Digital by 19.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares during the period. Hedge funds and other institutional investors own 18.43% of the company’s stock.

About Mastech Digital

(Get Free Report)

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.

Further Reading

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