StockNews.com Initiates Coverage on Mastech Digital (NYSEAMERICAN:MHH)

StockNews.com started coverage on shares of Mastech Digital (NYSEAMERICAN:MHHFree Report) in a research report released on Saturday. The brokerage issued a buy rating on the stock.

Mastech Digital Price Performance

Mastech Digital stock opened at $8.42 on Friday. Mastech Digital has a 1-year low of $7.50 and a 1-year high of $13.13. The company has a market capitalization of $97.67 million, a PE ratio of -13.58, a PEG ratio of 0.60 and a beta of 0.50.

Institutional Trading of Mastech Digital

Several hedge funds have recently made changes to their positions in the company. Capital Management Corp VA boosted its position in shares of Mastech Digital by 3.0% during the 3rd quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock worth $7,150,000 after purchasing an additional 23,325 shares during the period. Geode Capital Management LLC boosted its position in shares of Mastech Digital by 27.1% during the 2nd quarter. Geode Capital Management LLC now owns 33,605 shares of the company’s stock worth $332,000 after purchasing an additional 7,171 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Mastech Digital by 38.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,152 shares of the company’s stock worth $240,000 after purchasing an additional 4,457 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of Mastech Digital by 13.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 17,609 shares of the company’s stock worth $194,000 after purchasing an additional 2,107 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Mastech Digital by 11.8% during the 3rd quarter. HighTower Advisors LLC now owns 14,088 shares of the company’s stock worth $128,000 after purchasing an additional 1,487 shares during the period. Hedge funds and other institutional investors own 16.61% of the company’s stock.

About Mastech Digital

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Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. It operates through two segments, Data and Analytics Services, and IT Staffing Services. The company 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

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