Mastech Digital (NYSE:MHH) Stock Rating Upgraded by StockNews.com

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

Mastech Digital Stock Up 8.9 %

MHH opened at $14.86 on Friday. The company’s 50-day moving average price is $14.73 and its 200 day moving average price is $12.50. Mastech Digital has a fifty-two week low of $7.15 and a fifty-two week high of $16.00. The firm has a market cap of $173.95 million, a price-to-earnings ratio of -78.21, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58.

Hedge Funds Weigh In On Mastech Digital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Mastech Digital in the 3rd quarter valued at about $101,000. Barclays PLC raised its holdings 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. Geode Capital Management LLC raised 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 buying an additional 6,544 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Mastech Digital by 19.5% during the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after buying an additional 6,809 shares during the period. Finally, Truvestments Capital LLC bought a new position in Mastech Digital in the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds 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.