StockNews.com Downgrades Mastech Digital (NYSE:MHH) to Buy

Mastech Digital (NYSE:MHH) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

Mastech Digital Price Performance

MHH stock opened at $14.49 on Wednesday. The stock has a market capitalization of $169.62 million, a price-to-earnings ratio of -76.26, a price-to-earnings-growth ratio of 1.42 and a beta of 0.59. The company has a 50-day moving average of $14.51 and a two-hundred day moving average of $11.72. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $16.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MHH. Truvestments Capital LLC bought a new stake in shares of Mastech Digital in the third quarter valued at approximately $29,000. Barclays PLC raised its stake 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 purchasing an additional 3,042 shares during the last quarter. Virtu Financial LLC bought a new stake in Mastech Digital in the 3rd quarter valued at $101,000. HighTower Advisors LLC grew its position in Mastech Digital by 19.5% in the 3rd 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 last quarter. Finally, Geode Capital Management LLC grew its position in Mastech Digital by 15.9% in the 3rd 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 last quarter. 18.43% of the stock is 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.