StockNews.com Upgrades Mastech Digital (NYSE:MHH) to Strong-Buy

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

Mastech Digital Trading Up 8.9 %

Shares of NYSE:MHH opened at $14.86 on Friday. The company has a 50 day moving average of $14.73 and a 200-day moving average of $12.50. The firm has a market cap of $173.95 million, a P/E ratio of -78.21, a P/E/G ratio of 1.38 and a beta of 0.58. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $16.00.

Institutional Trading of Mastech Digital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in 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 acquiring an additional 6,809 shares during the period. Virtu Financial LLC bought a new position in shares of Mastech Digital during the 3rd quarter valued at about $101,000. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 5,236 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Mastech Digital in the 3rd quarter worth approximately $29,000. Finally, Barclays PLC lifted its stake 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 purchasing an additional 3,042 shares during the last quarter. 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.