Mastech Digital (NYSE:MHH) Upgraded by StockNews.com to “Strong-Buy” Rating

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

Mastech Digital Price Performance

Shares of Mastech Digital stock traded up $0.33 during trading on Thursday, hitting $12.87. 80,000 shares of the stock were exchanged, compared to its average volume of 9,107. The stock has a market cap of $150.32 million, a price-to-earnings ratio of -67.74, a price-to-earnings-growth ratio of 1.17 and a beta of 0.46. The firm’s 50-day moving average price is $10.54 and its 200 day moving average price is $10.05. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $13.14.

Hedge Funds Weigh In On Mastech Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new stake in Mastech Digital during the third quarter worth approximately $29,000. Dimensional Fund Advisors LP grew its stake in Mastech Digital by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock worth $1,705,000 after buying an additional 5,236 shares during the period. Finally, Capital Management Corp VA lifted its position in shares of Mastech Digital by 0.5% during the first quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock worth $7,797,000 after purchasing an additional 4,180 shares in the last quarter. 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.