Mastech Digital (NYSE:MHH) Upgraded by StockNews.com to “Strong-Buy” Rating

Mastech Digital (NYSE:MHH) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Mastech Digital Stock Down 7.8 %

Shares of MHH opened at $11.86 on Thursday. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $13.20. The firm has a market capitalization of $138.52 million, a price-to-earnings ratio of -62.42, a P/E/G ratio of 1.16 and a beta of 0.46. The stock’s 50-day moving average price is $10.61 and its 200 day moving average price is $10.09.

Institutional Investors Weigh In On Mastech Digital

Large investors have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new position in shares of Mastech Digital in the 3rd quarter worth approximately $29,000. Barclays PLC lifted its holdings in Mastech Digital by 86.9% during the 3rd quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after buying an additional 3,042 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Mastech Digital by 19.5% during 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. Dimensional Fund Advisors LP raised its position in shares of Mastech Digital by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after acquiring an additional 5,236 shares during the last quarter. Finally, Capital Management Corp VA raised its position in shares of Mastech Digital by 0.5% during the 1st quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock valued at $7,797,000 after acquiring an additional 4,180 shares during the last quarter. 18.43% of the stock is currently owned by institutional investors.

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.