Mastech Digital (NYSE:MHH) Posts Earnings Results, Beats Expectations By $0.05 EPS

Mastech Digital (NYSE:MHH) announced its earnings results on Wednesday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05, RTT News reports. Mastech Digital had a positive return on equity of 6.59% and a negative net margin of 1.16%. During the same quarter in the prior year, the business posted $0.11 earnings per share.

Mastech Digital Trading Down 5.6 %

NYSE:MHH opened at $12.15 on Thursday. The stock has a 50 day moving average of $13.69 and a two-hundred day moving average of $14.20. Mastech Digital has a 12 month low of $7.15 and a 12 month high of $16.00. The firm has a market cap of $142.28 million, a P/E ratio of -63.95, a price-to-earnings-growth ratio of 0.77 and a beta of 0.56.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mastech Digital from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 3rd.

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.