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

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

Mastech Digital Price Performance

Shares of MHH stock opened at $9.30 on Wednesday. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $10.90. The business’s 50 day moving average is $9.77. The firm has a market capitalization of $108.20 million, a price-to-earnings ratio of -14.31, a price-to-earnings-growth ratio of 1.24 and a beta of 0.47.

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

Institutional Inflows and Outflows

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