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

StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH) in a research report report published on Tuesday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Stock Performance

NYSE:MHH opened at $10.10 on Tuesday. Mastech Digital has a one year low of $7.15 and a one year high of $10.90. The firm has a 50 day moving average of $9.82. The firm has a market capitalization of $117.50 million, a PE ratio of -15.54, a PEG ratio of 1.24 and a beta of 0.47.

Mastech Digital (NYSE:MHH) last announced its quarterly earnings results 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. Mastech Digital had a negative net margin of 2.10% and a positive return on equity of 4.53%. The business had revenue of $49.53 million during the quarter, compared to the consensus estimate of $48.10 million. As a group, sell-side analysts forecast that Mastech Digital will post 0.39 EPS for the current year.

Institutional Trading of Mastech Digital

An institutional investor recently raised its position in Mastech Digital stock. Capital Management Corp VA raised its position in Mastech Digital, Inc. (NYSE:MHH) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 866,370 shares of the company’s stock after purchasing an additional 4,180 shares during the quarter. Capital Management Corp VA owned 7.46% of Mastech Digital worth $7,797,000 as of its most recent SEC filing. 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.