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

Stock analysts at StockNews.com started coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the stock.

Mastech Digital Price Performance

Shares of NYSEAMERICAN MHH opened at $8.22 on Wednesday. The firm has a market capitalization of $95.60 million, a P/E ratio of -12.65, a P/E/G ratio of 0.81 and a beta of 0.53. 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, May 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). The firm had revenue of $46.82 million for the quarter, compared to analyst estimates of $46.50 million. Mastech Digital had a positive return on equity of 3.00% and a negative net margin of 3.92%. Sell-side analysts expect that Mastech Digital will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Mastech Digital

A number of large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC increased its holdings in Mastech Digital by 11.8% during the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after buying an additional 2,000 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in shares of Mastech Digital by 65.2% during the 3rd quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock worth $285,000 after purchasing an additional 12,484 shares during the last quarter. Access Investment Management LLC bought a new stake in shares of Mastech Digital in the 4th quarter valued at about $1,042,000. Finally, Capital Management Corp VA lifted its stake in Mastech Digital by 8.5% in the 4th quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock valued at $7,267,000 after purchasing an additional 67,731 shares during the last quarter. 18.43% of the stock is currently 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.