Mastech Digital (NYSE:MHH - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Wednesday.
Mastech Digital Trading Down 6.8 %
MHH stock traded down $0.93 during midday trading on Wednesday, reaching $12.80. The company had a trading volume of 78,300 shares, compared to its average volume of 12,570. The company has a 50 day moving average of $14.45 and a two-hundred day moving average of $11.66. The company has a market capitalization of $149.84 million, a P/E ratio of -67.37, a PEG ratio of 1.42 and a beta of 0.59. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $16.00.
Hedge Funds Weigh In On Mastech Digital
A number of hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Mastech Digital in the third quarter valued at approximately $101,000. HighTower Advisors LLC lifted its stake in shares of Mastech Digital by 19.5% in the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company's stock valued at $417,000 after purchasing an additional 6,809 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 in the last quarter. Finally, Barclays PLC increased its position in Mastech Digital by 86.9% during 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 during the last quarter. Institutional investors and hedge funds own 18.43% of the company's stock.
About Mastech Digital
(
Get Free Report)
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.
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