Mastech Digital (NYSE:MHH) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Mastech Digital (NYSE:MHH) in a research report sent to investors on Tuesday. The firm issued a buy rating on the stock.

Mastech Digital Stock Performance

NYSE:MHH opened at $9.65 on Tuesday. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $10.90. The stock has a market capitalization of $112.27 million, a price-to-earnings ratio of -14.85, a PEG ratio of 1.27 and a beta of 0.47. The company has a fifty day moving average of $9.86.

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

Institutional Trading of Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Capital Management Corp VA grew its holdings in Mastech Digital, Inc. (NYSE:MHH) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 866,370 shares of the company’s stock after purchasing an additional 4,180 shares during the quarter. Capital Management Corp VA owned approximately 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent quarter. 18.43% of the stock is currently owned by 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.