Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Mastech Digital Inc (NYSEAMERICAN: MHH) rose significantly from F to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Mastech Digital Inc (NYSEAMERICAN: MHH) stock closed at $6.10 on 4/26/19 after a modest gain of 0.6%. However, exceptionally low trading volume at 41% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months and has declined -0.7% during the last week.
Current PriceTarget Research Rating
MHH is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Mastech Digital has a current Value Trend Rating of C (Neutral). This VT Rating rose significantly in recent days from F previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mastech Digital has a good Appreciation Score of 82 but a poor Power Rating of 17, triggering the Neutral Value Trend Rating.