Mastech Digital (NYSE:MHH) Cut to Buy at StockNews.com

StockNews.com cut shares of Mastech Digital (NYSE:MHH) from a strong-buy rating to a buy rating in a research report released on Thursday morning.

Mastech Digital Stock Performance

Mastech Digital stock opened at $15.08 on Thursday. Mastech Digital has a fifty-two week low of $7.15 and a fifty-two week high of $16.00. The company has a market capitalization of $176.53 million, a price-to-earnings ratio of -79.37, a PEG ratio of 1.42 and a beta of 0.59. The stock has a fifty day moving average of $14.74 and a two-hundred day moving average of $11.99.

Institutional Trading of Mastech Digital

A number of hedge funds have recently bought and sold shares of MHH. HighTower Advisors LLC grew its position in shares of Mastech Digital by 19.5% in the third 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. Virtu Financial LLC purchased a new stake in Mastech Digital in the third quarter valued at approximately $101,000. Dimensional Fund Advisors LP raised its stake in Mastech Digital by 2.4% during the second 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 period. Truvestments Capital LLC purchased a new position in Mastech Digital during the third quarter worth approximately $29,000. Finally, Barclays PLC boosted its holdings in shares of 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 purchasing an additional 3,042 shares during the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

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.