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

StockNews.com upgraded shares of Mastech Digital (NYSE:MHH) from a buy rating to a strong-buy rating in a report released on Thursday morning.

Mastech Digital Price Performance

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in Mastech Digital by 19.5% in 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. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 6,544 shares in the last quarter. Dimensional Fund Advisors LP grew its position 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 worth $1,705,000 after buying an additional 5,236 shares during the period. Capital Management Corp VA increased its stake in shares of 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 in the last quarter. Finally, Barclays PLC lifted its position in 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 acquiring an additional 3,042 shares during the period. 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.