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

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

Mastech Digital Stock Down 2.2 %

Mastech Digital stock opened at $9.00 on Friday. The stock has a market capitalization of $104.71 million, a price-to-earnings ratio of -13.85, a P/E/G ratio of 1.23 and a beta of 0.47. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $10.94. The stock’s fifty day moving average is $9.60.

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

Institutional Trading of Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP raised its stake in Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.43% of the stock is owned by 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. 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.