Mastech Digital (NYSE:MHH) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Mastech Digital (NYSE:MHH) in a research note released on Thursday morning. The firm issued a buy rating on the stock.

Mastech Digital Stock Performance

Mastech Digital stock opened at $10.00 on Thursday. The business has a 50-day simple moving average of $9.86. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $10.90. The company has a market cap of $116.34 million, a P/E ratio of -15.38, a P/E/G ratio of 1.35 and a beta of 0.47.

Mastech Digital (NYSE:MHH) last posted 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. Mastech Digital had a negative net margin of 2.10% and a positive return on equity of 4.53%. The company had revenue of $49.53 million for the quarter, compared to the consensus estimate of $48.10 million. As a group, equities analysts expect that Mastech Digital will post 0.39 EPS for the current year.

Institutional Trading of Mastech Digital

An institutional investor recently raised its position in Mastech Digital stock. Dimensional Fund Advisors LP increased its position in Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,350 shares of the company’s stock after acquiring an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned approximately 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent reporting period. 18.43% of the stock is currently owned by institutional investors and hedge funds.

Mastech Digital Company Profile

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.