Mastech Digital (NYSE:MHH) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of Mastech Digital (NYSE:MHH) in a research report issued on Tuesday. The firm set a “buy” rating on the stock.

Mastech Digital Trading Down 9.6 %

Mastech Digital stock opened at $9.65 on Tuesday. The stock has a market cap of $112.27 million, a PE ratio of -14.85, a P/E/G ratio of 1.27 and a beta of 0.47. The stock’s fifty day moving average price is $9.86. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $10.90.

Mastech Digital (NYSE:MHH) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. The company had revenue of $49.53 million during the quarter, compared to the consensus estimate of $48.10 million. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. On average, sell-side analysts expect that Mastech Digital will post 0.39 earnings per share for the current year.

Institutional Trading of Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Capital Management Corp VA boosted its position in shares of Mastech Digital, Inc. (NYSE:MHH) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 866,370 shares of the company’s stock after buying an additional 4,180 shares during the period. Capital Management Corp VA owned 7.46% of Mastech Digital worth $7,797,000 as of its most recent SEC filing. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

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.