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

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

Mastech Digital Stock Performance

Shares of NYSE: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 fifty day moving average is $14.78 and its two-hundred day moving average is $12.13. The stock has a market capitalization of $175.59 million, a price-to-earnings ratio of -78.95, a price-to-earnings-growth ratio of 1.42 and a beta of 0.59.

Hedge Funds Weigh In On Mastech Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of MHH. Truvestments Capital LLC acquired a new stake in shares of Mastech Digital during the 3rd quarter worth approximately $29,000. Barclays PLC grew its stake in 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. Dimensional Fund Advisors LP increased its position in Mastech Digital by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock worth $1,705,000 after buying an additional 5,236 shares during the period. 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 valued at $478,000 after buying an additional 6,544 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Mastech Digital by 19.5% during the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock valued at $417,000 after acquiring an additional 6,809 shares during the period. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.