Mastech Digital (NYSE:MHH) Upgraded 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 released on Thursday.

Mastech Digital Stock Performance

Shares of MHH opened at $11.86 on Thursday. The stock’s 50-day simple moving average is $10.61 and its 200 day simple moving average is $10.09. The stock has a market capitalization of $138.52 million, a price-to-earnings ratio of -62.42, a price-to-earnings-growth ratio of 1.16 and a beta of 0.46. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $13.20.

Hedge Funds Weigh In On Mastech Digital

A number of institutional investors have recently added to or reduced their stakes in the business. Capital Management Corp VA increased its stake in Mastech Digital by 0.5% in the 1st quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock worth $7,797,000 after acquiring an additional 4,180 shares during the last quarter. Dimensional Fund Advisors LP increased 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 purchasing an additional 5,236 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Mastech Digital by 19.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock valued at $417,000 after purchasing an additional 6,809 shares during the last quarter. Barclays PLC increased its position in shares of Mastech Digital by 86.9% during 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. Finally, Truvestments Capital LLC bought a new position in shares of Mastech Digital during the 3rd quarter valued at about $29,000. 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.