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 report released on Friday.

Mastech Digital Stock Up 8.9 %

MHH stock opened at $14.86 on Friday. The firm has a 50 day moving average of $14.73 and a two-hundred day moving average of $12.50. Mastech Digital has a 12 month low of $7.15 and a 12 month high of $16.00. The company has a market capitalization of $173.95 million, a price-to-earnings ratio of -78.21, a P/E/G ratio of 1.38 and a beta of 0.58.

Hedge Funds Weigh In On Mastech Digital

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake 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 worth $1,705,000 after acquiring an additional 5,236 shares in the last quarter. Geode Capital Management LLC boosted its position in Mastech Digital by 15.9% during the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after purchasing an additional 6,544 shares during the period. HighTower Advisors LLC grew its holdings in Mastech Digital by 19.5% during the third 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. Virtu Financial LLC acquired a new position in Mastech Digital during the third quarter valued at approximately $101,000. Finally, Barclays PLC raised 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 valued at $65,000 after purchasing an additional 3,042 shares during the period. 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.