Mastech Digital (NYSEAMERICAN:MHH) Stock Crosses Above 200 Day Moving Average of $0.00

Mastech Digital, Inc. (NYSEAMERICAN:MHH) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.30. Mastech Digital shares last traded at $7.23, with a volume of 6,926 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Mastech Digital in a report on Saturday, June 15th. They set a “buy” rating on the stock.

Mastech Digital Trading Up 2.6 %

The company has a market capitalization of $92.46 million, a P/E ratio of -11.92, a P/E/G ratio of 1.57 and a beta of 0.47.

Mastech Digital (NYSEAMERICAN:MHH) last issued its earnings results on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Mastech Digital had a positive return on equity of 3.00% and a negative net margin of 3.92%. The business had revenue of $46.82 million during the quarter, compared to analysts’ expectations of $46.50 million. As a group, analysts anticipate that Mastech Digital, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Trading of Mastech Digital

A hedge fund recently bought a new stake in Mastech Digital stock. Access Investment Management LLC acquired a new position in Mastech Digital, Inc. (NYSEAMERICAN:MHH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 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.