Mastech Digital Inc (NYSEAMERICAN: MHH) has recently experienced meaningful negative changes in investment behavior: the stock fell on very heavy volume.
Notable negative changes in fundamentals have recently occurred for Mastech Digital Inc (NYSEAMERICAN: MHH): the consensus estimate for December, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MHH is expected to continue to be a modest Value Builder.
Mastech Digital has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Mastech Digital has a neutral Appreciation Score of 49 but a poor Power Rating of 16, and the Lowest Value Trend Rating results.
Recent Price Action
On 11/29/23, Mastech Digital Inc (NYSEAMERICAN: MHH) stock suffered a large decline of -6.1%, closing at $8.73. Moreover, trading volume in this decline was exceptionally high at 524% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.2% during the last week.
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