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 report published on Monday.

Mastech Digital Stock Performance

Shares of MHH opened at $15.82 on Monday. The business’s fifty day moving average price is $11.83 and its two-hundred day moving average price is $10.56. The firm has a market capitalization of $185.25 million, a price-to-earnings ratio of -83.26, a PEG ratio of 1.40 and a beta of 0.46. Mastech Digital has a 52 week low of $7.15 and a 52 week high of $15.88.

Institutional Trading of Mastech Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHH. Virtu Financial LLC acquired a new position in Mastech Digital during the 3rd quarter valued at about $101,000. HighTower Advisors LLC raised its stake 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 worth $417,000 after buying an additional 6,809 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 period. Dimensional Fund Advisors LP boosted its stake in Mastech Digital by 2.4% in 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 last quarter. Finally, Barclays PLC grew its holdings 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 acquiring an additional 3,042 shares during the period. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.