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

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

Mastech Digital Stock Performance

Shares of Mastech Digital stock opened at $9.03 on Wednesday. The firm has a market capitalization of $105.06 million, a P/E ratio of -13.89, a PEG ratio of 1.78 and a beta of 0.47. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $11.10.

Mastech Digital (NYSE:MHH) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Mastech Digital had a positive return on equity of 3.00% and a negative net margin of 3.92%. The company had revenue of $46.82 million during the quarter, compared to analysts’ expectations of $46.50 million. As a group, equities research analysts predict that Mastech Digital will post 0.23 EPS for the current year.

Institutional Investors Weigh In On Mastech Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHH. Dimensional Fund Advisors LP increased its holdings in shares of Mastech Digital by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after acquiring an additional 5,236 shares during the last quarter. Capital Management Corp VA boosted its position in Mastech Digital by 0.5% during the 1st quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock valued at $7,797,000 after purchasing an additional 4,180 shares during the period. Finally, Access Investment Management LLC acquired a new position in Mastech Digital during the 4th quarter valued at approximately $1,042,000. Hedge funds and other institutional investors 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. It operates through two segments, Data and Analytics Services, and IT Staffing Services. The company 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.