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

Equities researchers at StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

Mastech Digital Stock Down 3.9 %

Shares of NYSE:MHH opened at $9.61 on Wednesday. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $10.90. The firm has a market capitalization of $111.80 million, a P/E ratio of -14.78, a PEG ratio of 1.24 and a beta of 0.47. The business’s fifty day moving average is $9.80.

Mastech Digital (NYSE:MHH) last issued its 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 business had revenue of $49.53 million during the quarter, compared to analysts’ expectations of $48.10 million. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. Sell-side analysts expect that Mastech Digital will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mastech Digital

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

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.