Mastech Digital (NYSEAMERICAN:MHH) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a report released on Monday. The firm issued a buy rating on the stock.

Mastech Digital Trading Up 0.2 %

MHH stock opened at $8.51 on Monday. The company has a market capitalization of $98.89 million, a P/E ratio of -13.73, a P/E/G ratio of 0.85 and a beta of 0.52. Mastech Digital has a 1-year low of $7.50 and a 1-year high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $46.05 million for the quarter, compared to analysts’ expectations of $46.38 million. Mastech Digital had a negative net margin of 3.55% and a positive return on equity of 3.45%. As a group, sell-side analysts predict that Mastech Digital will post 0.51 earnings per share for the current year.

Institutional Trading of Mastech Digital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of Mastech Digital by 11.8% during the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock valued at $171,000 after purchasing an additional 2,000 shares during the period. Anchor Capital Advisors LLC boosted its stake in shares of Mastech Digital by 65.2% during the third quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock valued at $285,000 after purchasing an additional 12,484 shares during the period. Access Investment Management LLC purchased a new stake in shares of Mastech Digital during the fourth quarter valued at approximately $1,042,000. Finally, Capital Management Corp VA boosted its stake in shares of Mastech Digital by 3.0% during the third quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock valued at $7,150,000 after purchasing an additional 23,325 shares during the period. Hedge funds and other 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.