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

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

Mastech Digital Trading Down 0.7 %

Shares of MHH opened at $8.82 on Friday. Mastech Digital has a 12 month low of $7.50 and a 12 month high of $11.45. The company has a market capitalization of $102.49 million, a price-to-earnings ratio of -14.23, a price-to-earnings-growth ratio of 0.84 and a beta of 0.52.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MHH. Access Investment Management LLC purchased a new position in shares of Mastech Digital during the fourth quarter worth about $1,042,000. Capital Management Corp VA grew its holdings in shares of Mastech Digital by 8.5% during the fourth quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock worth $7,267,000 after buying an additional 67,731 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings 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 worth $285,000 after buying an additional 12,484 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Mastech Digital by 11.8% in the 3rd 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 in the last quarter. 18.43% of the stock is owned by institutional investors and hedge funds.

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.