Alert: Major Price Decline (5/1/19)-Mastech Digital Inc (NYSEAMERICAN: MHH).

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Mastech Digital Inc (NYSEAMERICAN: MHH) stock suffered a major decline of -11.3% on 5/1/19. The shares closed at $5.32. Moreover, this decline was accompanied by exceptionally high trading volume at 334% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -10.7% during the last week.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, MHH is expected to continue to be a Value Builder.

Mastech Digital has a current Value Trend Rating of C (Neutral). 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 83 but a poor Power Rating of 19, leading to the Neutral Value Trend Rating.

Rating Review

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

About John Lafferty 47332 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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