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

StockNews.com cut shares of Mastech Digital (NYSE:MHH) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday.

Mastech Digital Stock Up 13.2 %

MHH stock opened at $14.49 on Wednesday. The company has a market cap of $169.62 million, a price-to-earnings ratio of -76.26, a P/E/G ratio of 1.42 and a beta of 0.59. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $16.00. The business has a 50 day moving average price of $14.51 and a two-hundred day moving average price of $11.72.

Institutional Trading of Mastech Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Mastech Digital in the 3rd quarter valued at about $29,000. Barclays PLC lifted its stake 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 purchasing an additional 3,042 shares during the last quarter. Virtu Financial LLC acquired a new stake in Mastech Digital in the 3rd quarter valued at about $101,000. HighTower Advisors LLC grew its holdings in Mastech Digital by 19.5% during the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares during the period. Finally, Geode Capital Management LLC raised its stake in Mastech Digital by 15.9% in the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock valued at $478,000 after buying an additional 6,544 shares during the period. 18.43% of the stock is 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.