Mastech Digital (NYSE:MHH) Stock Rating Lowered by StockNews.com

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

Mastech Digital Stock Down 5.8 %

Shares of Mastech Digital stock opened at $14.91 on Monday. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $15.88. The stock has a 50 day moving average price of $12.22 and a two-hundred day moving average price of $10.69. The stock has a market capitalization of $174.60 million, a P/E ratio of -78.47, a PEG ratio of 1.33 and a beta of 0.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MHH. Dimensional Fund Advisors LP grew its position 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 last quarter. Truvestments Capital LLC bought a new stake in Mastech Digital during the 3rd quarter valued at approximately $29,000. HighTower Advisors LLC boosted its stake in Mastech Digital by 19.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock valued at $417,000 after purchasing an additional 6,809 shares during the period. Barclays PLC grew its holdings in Mastech Digital by 86.9% in 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 last quarter. Finally, Geode Capital Management LLC increased its position in Mastech Digital by 15.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after buying an additional 6,544 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.