Mastech Digital (NYSE:MHH) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH) in a research note issued on Monday. The brokerage set a “buy” rating on the stock.

Mastech Digital Stock Performance

Mastech Digital stock opened at $9.89 on Monday. Mastech Digital has a 1-year low of $7.15 and a 1-year high of $10.90. The firm has a market capitalization of $115.06 million, a PE ratio of -15.22, a PEG ratio of 1.27 and a beta of 0.47. The company has a fifty day simple moving average of $9.83.

Mastech Digital (NYSE:MHH) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share 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 analysts’ expectations of $48.10 million. As a group, analysts anticipate that Mastech Digital will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP grew its position in shares of Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 227,350 shares of the company’s stock after purchasing an additional 5,236 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.95% of Mastech Digital worth $1,705,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 18.43% of the company’s stock.

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.