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 report released on Friday.

Mastech Digital Stock Down 8.5 %

Shares of Mastech Digital stock opened at $13.64 on Friday. The firm has a market cap of $159.67 million, a PE ratio of -71.79, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59. The company’s fifty day simple moving average is $14.75 and its two-hundred day simple moving average is $12.40. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $16.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Mastech Digital by 2.4% during the second 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 period. Geode Capital Management LLC grew its holdings in shares of Mastech Digital by 15.9% during the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after acquiring an additional 6,544 shares during the period. HighTower Advisors LLC raised its position in shares of Mastech Digital by 19.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after acquiring an additional 6,809 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Mastech Digital in the 3rd quarter valued at approximately $101,000. Finally, Barclays PLC boosted its position in shares of 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 in the last quarter. 18.43% of the stock is currently owned by 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.