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

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

Mastech Digital Trading Down 5.0 %

MHH traded down $0.75 during trading hours on Monday, hitting $14.38. The company’s stock had a trading volume of 73,800 shares, compared to its average volume of 10,836. The business’s 50-day moving average price is $11.59 and its 200-day moving average price is $10.49. Mastech Digital has a 12 month low of $7.15 and a 12 month high of $15.88. The stock has a market cap of $168.39 million, a price-to-earnings ratio of -75.68, a P/E/G ratio of 1.40 and a beta of 0.46.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Mastech Digital by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after acquiring an additional 5,236 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Mastech Digital by 15.9% in 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 last quarter. HighTower Advisors LLC grew its holdings in shares of 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 last quarter. Virtu Financial LLC bought a new position in shares of Mastech Digital in the third quarter worth about $101,000. Finally, Barclays PLC grew its holdings 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 during the last quarter. 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.