Mastech Digital (NYSE:MHH) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mastech Digital (NYSE:MHH) in a research report issued on Thursday. The brokerage set a “buy” rating on the stock.

Mastech Digital Price Performance

Shares of MHH stock opened at $10.50 on Thursday. The firm’s 50-day moving average is $9.76. Mastech Digital has a 1-year low of $7.15 and a 1-year high of $10.90. The stock has a market cap of $122.16 million, a PE ratio of -16.15, a PEG ratio of 1.24 and a beta of 0.47.

Mastech Digital (NYSE:MHH) last issued its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $49.53 million for the quarter, compared to analysts’ expectations of $48.10 million. Research analysts anticipate that Mastech Digital will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Mastech Digital

An institutional investor recently raised its position in Mastech Digital stock. Dimensional Fund Advisors LP boosted its stake in Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,350 shares of the company’s stock after acquiring an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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. 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.