Mastech Digital (NYSE:MHH) Upgraded at StockNews.com

StockNews.com upgraded shares of Mastech Digital (NYSE:MHH) from a buy rating to a strong-buy rating in a research note released on Tuesday.

Mastech Digital Trading Down 4.3 %

MHH stock traded down $0.65 during mid-day trading on Tuesday, reaching $14.30. 19,700 shares of the stock traded hands, compared to its average volume of 11,973. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $16.00. The stock’s fifty day moving average is $13.85 and its 200-day moving average is $11.25. The company has a market cap of $167.40 million, a P/E ratio of -75.26, a P/E/G ratio of 1.39 and a beta of 0.59.

Institutional Trading of Mastech Digital

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of Mastech Digital during the third quarter valued at $101,000. HighTower Advisors LLC grew its stake in 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 acquiring an additional 6,809 shares in the last quarter. Geode Capital Management LLC grew its stake in Mastech Digital by 15.9% during the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock valued at $478,000 after acquiring an additional 6,544 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mastech Digital by 2.4% in 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 period. Finally, Barclays PLC lifted its position in shares of Mastech Digital by 86.9% in the third quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after purchasing an additional 3,042 shares in the last quarter. Hedge funds and other institutional investors own 18.43% of the company’s stock.

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.