Truvestments Capital LLC Acquires Shares of 2,938 Mastech Digital, Inc. (NYSE:MHH)

Truvestments Capital LLC bought a new stake in shares of Mastech Digital, Inc. (NYSE:MHH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,938 shares of the company’s stock, valued at approximately $29,000.

Separately, Dimensional Fund Advisors LP lifted its position 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 purchasing an additional 5,236 shares during the period. Institutional investors and hedge funds own 18.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Mastech Digital from a “strong-buy” rating to a “buy” rating in a report on Monday.

Mastech Digital Price Performance

NYSE MHH opened at $14.91 on Friday. The business has a fifty day moving average price of $12.22 and a two-hundred day moving average price of $10.69. The stock has a market capitalization of $174.60 million, a PE ratio of -78.47, a PEG ratio of 1.33 and a beta of 0.46. Mastech Digital, Inc. has a fifty-two week low of $7.15 and a fifty-two week high of $15.88.

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.