Alert: Major Price Advance (10/30/18)-Mastech Digital Inc (NYSEAMERICAN: MHH).

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Mastech Digital Inc (NYSEAMERICAN: MHH)

ALERT – MAJOR PRICE ADVANCE

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Major Price Advance

Mastech Digital Inc (NYSEAMERICAN: MHH) stock enjoyed a major increase of 10.3% on 10/30/18. The shares closed at $6.95. However, this advance was accompanied by below average trading volume at 72% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.8% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, MHH is expected to continue to be a modest Value Eraser.

Mastech Digital has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Mastech Digital has a very high Power Rating of 98 but a very low Appreciation Score of 8, resulting in the Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 37832 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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