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

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

Mastech Digital Stock Down 0.5 %

MHH opened at $9.89 on Monday. Mastech Digital has a fifty-two week low of $7.15 and a fifty-two week high of $10.90. The firm has a market cap of $115.06 million, a price-to-earnings ratio of -15.22, a PEG ratio of 1.27 and a beta of 0.47. The stock has a 50-day simple moving average of $9.83.

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

Institutional Trading of Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP increased its holdings in Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,350 shares of the company’s stock after purchasing an additional 5,236 shares during the quarter. Dimensional Fund Advisors LP owned 1.95% of Mastech Digital worth $1,705,000 as of its most recent filing with the Securities & Exchange Commission. 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. 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.