Mastech Digital (NYSEAMERICAN:MHH) Share Price Passes Above 200-Day Moving Average of $0.00

Mastech Digital, Inc. (NYSEAMERICAN:MHH) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.54. Mastech Digital shares last traded at $7.54, with a volume of 1,609 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Mastech Digital in a research note on Saturday, June 15th. They issued a “buy” rating for the company.

Mastech Digital Trading Down 0.7 %

The stock has a market cap of $87.69 million, a price-to-earnings ratio of -11.60, a PEG ratio of 1.63 and a beta of 0.47.

Mastech Digital (NYSEAMERICAN:MHH) last posted 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 negative net margin of 3.92% and a positive return on equity of 3.00%. The company had revenue of $46.82 million during the quarter, compared to analyst estimates of $46.50 million. On average, equities analysts anticipate that Mastech Digital, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mastech Digital stock. Access Investment Management LLC purchased a new position in Mastech Digital, Inc. (NYSEAMERICAN:MHH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,640 shares of the company’s stock, valued at approximately $1,042,000. Access Investment Management LLC owned approximately 1.07% of Mastech Digital at the end of the most recent quarter. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

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.