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

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

Mastech Digital Price Performance

Shares of MHH stock traded down $0.75 during mid-day trading on Monday, hitting $14.38. The company had a trading volume of 73,800 shares, compared to its average volume of 10,836. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $15.88. The stock’s 50 day moving average price is $11.59 and its 200-day moving average price is $10.49. The company has a market capitalization of $168.39 million, a P/E ratio of -75.68, a P/E/G ratio of 1.40 and a beta of 0.46.

Hedge Funds Weigh In On Mastech Digital

Several hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new position in shares of Mastech Digital in the third quarter worth $29,000. Barclays PLC lifted 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 buying an additional 3,042 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Mastech Digital by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock worth $1,705,000 after purchasing an additional 5,236 shares during the last quarter. Geode Capital Management LLC increased its position in 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. Finally, HighTower Advisors LLC increased its position in 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. Hedge funds and other 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.