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

StockNews.com assumed coverage on shares of Mastech Digital (NYSE:MHH) in a report issued on Saturday. The brokerage set a “buy” rating on the stock.

Mastech Digital Price Performance

Shares of MHH opened at $9.66 on Friday. The firm has a market capitalization of $112.83 million, a price-to-earnings ratio of -28.41, a PEG ratio of 1.27 and a beta of 0.47. The company has a 50-day moving average of $9.90 and a 200 day moving average of $9.55. Mastech Digital has a 1-year low of $7.15 and a 1-year high of $10.90.

Mastech Digital (NYSE:MHH) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 business had revenue of $49.53 million during the quarter, compared to analysts’ expectations of $48.10 million. On average, equities analysts anticipate that Mastech Digital will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP lifted its position in Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 227,350 shares of the company’s stock after buying an additional 5,236 shares during the quarter. 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 owned by institutional investors and hedge funds.

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.