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

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

Mastech Digital Stock Down 0.4 %

Shares of NYSE MHH opened at $10.02 on Friday. The stock has a market cap of $116.57 million, a PE ratio of -15.42, a price-to-earnings-growth ratio of 1.27 and a beta of 0.47. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $10.90. The business has a 50-day moving average price of $9.92 and a 200 day moving average price of $9.59.

Mastech Digital (NYSE:MHH) last announced its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. The firm had revenue of $49.53 million during the quarter, compared to analysts’ expectations of $48.10 million. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. Sell-side analysts anticipate that Mastech Digital will post 0.39 earnings per share for the current year.

Institutional Trading of Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Capital Management Corp VA lifted its holdings in shares of Mastech Digital, Inc. (NYSE:MHH) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 866,370 shares of the company’s stock after buying an additional 4,180 shares during the period. Capital Management Corp VA owned about 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent reporting period. 18.43% of the stock is owned by hedge funds and other institutional investors.

Mastech Digital Company Profile

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.