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

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

Mastech Digital Stock Performance

Shares of NYSE:MHH traded down $0.65 during midday trading on Tuesday, hitting $14.30. The company’s stock had a trading volume of 19,700 shares, compared to its average volume of 11,973. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $16.00. The company has a market cap of $167.40 million, a P/E ratio of -75.26, a price-to-earnings-growth ratio of 1.39 and a beta of 0.59. The business’s 50 day simple moving average is $13.85 and its 200 day simple moving average is $11.25.

Institutional Trading of Mastech Digital

Several large investors have recently added to or reduced their stakes in MHH. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 5,236 shares during the period. Truvestments Capital LLC acquired a new position in Mastech Digital in the 3rd quarter valued at about $29,000. HighTower Advisors LLC increased its holdings 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 last quarter. Barclays PLC raised its position in shares of Mastech Digital by 86.9% during the 3rd quarter. Barclays PLC now owns 6,544 shares of the company’s stock valued at $65,000 after buying an additional 3,042 shares during the period. Finally, 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 acquiring an additional 6,544 shares during the last quarter. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

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.