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 research report report published on Thursday morning.

Mastech Digital Trading Down 7.8 %

MHH opened at $11.86 on Thursday. The stock has a market cap of $138.88 million, a price-to-earnings ratio of -62.42, a PEG ratio of 1.10 and a beta of 0.46. The stock has a 50-day moving average of $10.61. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $13.20.

Institutional Investors Weigh In On Mastech Digital

A number of institutional investors have recently made changes to their positions in MHH. Dimensional Fund Advisors LP raised its holdings in Mastech Digital by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock worth $1,705,000 after acquiring an additional 5,236 shares during the last quarter. Capital Management Corp VA raised its stake in shares of Mastech Digital by 0.5% in the first 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Mastech Digital by 15.9% during the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock valued at $478,000 after purchasing an additional 6,544 shares in the last quarter. 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 buying an additional 3,042 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in 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 buying an additional 6,809 shares in 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.