StockNews.com Initiates Coverage on Mastech Digital (NYSE:MHH)

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

Mastech Digital Stock Performance

Shares of MHH opened at $9.90 on Friday. The company has a market capitalization of $115.63 million, a PE ratio of -15.23, a P/E/G ratio of 1.15 and a beta of 0.47. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $10.90. The stock’s 50-day moving average is $9.73.

Mastech Digital (NYSE:MHH) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The business had revenue of $49.53 million for the quarter, compared to analyst estimates of $48.10 million. Mastech Digital had a negative net margin of 2.10% and a positive return on equity of 4.53%. Equities analysts expect that Mastech Digital will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mastech Digital

An institutional investor recently raised its position in Mastech Digital stock. Dimensional Fund Advisors LP lifted its holdings in Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 227,350 shares of the company’s stock after purchasing an additional 5,236 shares during the quarter. Dimensional Fund Advisors LP owned about 1.95% of Mastech Digital worth $1,705,000 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. 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.