Mastech Digital (NYSE:MHH) Rating Increased to Strong-Buy at StockNews.com

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

Mastech Digital Stock Performance

NYSE:MHH traded up $0.33 during trading hours on Thursday, reaching $12.87. The company’s stock had a trading volume of 80,000 shares, compared to its average volume of 9,107. The firm has a 50-day simple moving average of $10.54 and a 200-day simple moving average of $10.05. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $13.14. The firm has a market capitalization of $150.32 million, a price-to-earnings ratio of -67.74, a PEG ratio of 1.17 and a beta of 0.46.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Mastech Digital by 2.4% in 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 period. Truvestments Capital LLC purchased a new position in Mastech Digital during the 3rd quarter valued at about $29,000. Finally, Capital Management Corp VA raised its position in Mastech Digital by 0.5% during the 1st quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock valued at $7,797,000 after purchasing an additional 4,180 shares during the last quarter. 18.43% of the stock is owned by hedge funds and other 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.