StockNews.com lowered shares of Mastech Digital (NYSE:MHH – Free Report) from a strong-buy rating to a buy rating in a report issued on Thursday morning.
Mastech Digital Price Performance
Shares of MHH stock opened at $15.00 on Thursday. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $16.00. The firm has a market capitalization of $175.59 million, a price-to-earnings ratio of -78.95, a price-to-earnings-growth ratio of 1.42 and a beta of 0.59. The business has a 50 day simple moving average of $14.78 and a 200 day simple moving average of $12.13.
Hedge Funds Weigh In On Mastech Digital
Several large investors have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new position in shares of Mastech Digital during the 3rd quarter valued at $29,000. Barclays PLC boosted its stake in Mastech Digital by 86.9% during the third quarter. Barclays PLC now owns 6,544 shares of the company’s stock valued at $65,000 after buying an additional 3,042 shares in the last quarter. Virtu Financial LLC acquired a new position in Mastech Digital during the third quarter worth about $101,000. HighTower Advisors LLC raised 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 acquiring an additional 6,809 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Mastech Digital by 15.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock valued at $478,000 after acquiring an additional 6,544 shares during the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Mastech Digital
- What Are Dividend Contenders? Investing in Dividend Contenders
- S&P 500 ETFs: Expense Ratios That Can Boost Your Long-Term Gains
- How to Invest in Small Cap Stocks
- How AI Implementation Could Help MongoDB Roar Back in 2025
- Election Stocks: How Elections Affect the Stock Market
- Hedge Funds Boost Oil Positions: Is a Major Rally on the Horizon?
Receive News & Ratings for Mastech Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastech Digital and related companies with MarketBeat.com's FREE daily email newsletter.
