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

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

Mastech Digital Stock Performance

Shares of NYSE:MHH opened at $10.00 on Thursday. Mastech Digital has a 52 week low of $7.15 and a 52 week high of $10.90. The firm has a 50-day moving average price of $9.86. The firm has a market capitalization of $116.34 million, a P/E ratio of -15.38, a P/E/G ratio of 1.35 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, beating analysts’ consensus estimates of $0.05 by $0.11. The company had revenue of $49.53 million during the quarter, compared to analysts’ expectations of $48.10 million. Mastech Digital had a negative net margin of 2.10% and a positive return on equity of 4.53%. As a group, analysts predict that Mastech Digital will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mastech Digital stock. Capital Management Corp VA grew its stake in shares of Mastech Digital, Inc. (NYSE:MHH) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 866,370 shares of the company’s stock after acquiring an additional 4,180 shares during the quarter. Capital Management Corp VA owned about 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent quarter. 18.43% of the stock is currently 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. 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.