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

StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH) in a research report released on Sunday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Price Performance

Shares of NYSE:MHH opened at $9.81 on Friday. The stock’s 50-day moving average is $9.90 and its 200 day moving average is $9.67. The company has a market cap of $114.58 million, a PE ratio of -28.85, a P/E/G ratio of 1.25 and a beta of 0.46. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $10.90.

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

Institutional Inflows and Outflows

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

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.