Mastech Digital (NYSE:MHH) Upgraded at StockNews.com

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

Mastech Digital Stock Down 7.8 %

Shares of NYSE MHH opened at $11.86 on Thursday. The stock’s 50 day moving average price is $10.61 and its 200-day moving average price is $10.09. The company has a market capitalization of $138.52 million, a PE ratio of -62.42, a PEG ratio of 1.16 and a beta of 0.46. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $13.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new position in shares of Mastech Digital during the 3rd quarter valued at $29,000. Barclays PLC lifted 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 last quarter. HighTower Advisors LLC lifted its position 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 valued at $417,000 after buying an additional 6,809 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mastech Digital by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after buying an additional 5,236 shares during the last quarter. Finally, Capital Management Corp VA lifted its position in shares of Mastech Digital by 0.5% during the 1st quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock valued at $7,797,000 after buying an additional 4,180 shares during the last quarter. Hedge funds and other 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.