Mastech Digital (NYSE:MHH) Rating Increased to Strong-Buy at StockNews.com

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

Mastech Digital Stock Performance

Shares of NYSE MHH traded up $0.33 during midday trading on Thursday, hitting $12.87. 80,000 shares of the stock traded hands, compared to its average volume of 9,107. The firm has a 50-day moving average of $10.54 and a two-hundred day moving average of $10.05. Mastech Digital has a one year low of $7.15 and a one year high of $13.14. The firm has a market capitalization of $150.32 million, a P/E ratio of -67.74, a PEG ratio of 1.17 and a beta of 0.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC bought a new position in shares of Mastech Digital during the 3rd quarter valued at approximately $29,000. Dimensional Fund Advisors LP grew its stake in Mastech Digital by 2.4% in 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 in the last quarter. Finally, Capital Management Corp VA increased its holdings in Mastech Digital by 0.5% during the 1st quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock worth $7,797,000 after purchasing an additional 4,180 shares during the period. 18.43% of the stock is owned by hedge funds and other 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.