StockNews.com Begins Coverage on Mastech Digital (NYSE:MHH)

StockNews.com started coverage on shares of Mastech Digital (NYSE:MHHFree Report) in a research note published on Friday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Stock Performance

Shares of NYSE:MHH opened at $9.82 on Friday. The firm has a market cap of $114.25 million, a price-to-earnings ratio of -15.11, a P/E/G ratio of 1.35 and a beta of 0.47. The firm has a fifty day moving average price of $9.94 and a 200 day moving average price of $9.47. Mastech Digital has a fifty-two week low of $7.15 and a fifty-two week high of $10.90.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mastech Digital stock. Capital Management Corp VA grew its stake in Mastech Digital, Inc. (NYSE:MHHFree Report) by 0.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 866,370 shares of the company’s stock after purchasing an additional 4,180 shares during the period. Capital Management Corp VA owned approximately 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.43% of the company’s stock.

About Mastech Digital

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Mastech Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastech Digital and related companies with MarketBeat.com's FREE daily email newsletter.