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

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

Mastech Digital Stock Up 5.6 %

Shares of Mastech Digital stock opened at $10.89 on Friday. The stock’s fifty day moving average is $9.97 and its two-hundred day moving average is $9.72. The company has a market capitalization of $127.20 million, a PE ratio of -32.03, a price-to-earnings-growth ratio of 1.30 and a beta of 0.46. Mastech Digital has a 52 week low of $7.15 and a 52 week high of $11.59.

Mastech Digital (NYSE:MHH) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $48.10 million. As a group, research analysts anticipate that Mastech Digital will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP grew its position in Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 227,350 shares of the company’s stock after buying an additional 5,236 shares during the quarter. Dimensional Fund Advisors LP owned 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent reporting period. 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. 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.