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

StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH) in a research note issued to investors on Friday. The firm issued a buy rating on the stock.

Mastech Digital Price Performance

Shares of NYSE:MHH opened at $9.82 on Friday. The company’s fifty day moving average price is $9.94 and its 200-day moving average price is $9.47. The firm has a market capitalization of $114.25 million, a price-to-earnings ratio of -15.11, a PEG ratio of 1.35 and a beta of 0.47. Mastech Digital has a one year low of $7.15 and a one year high of $10.90.

Mastech Digital (NYSE:MHH) last released its earnings results on Wednesday, August 7th. The company reported $0.16 EPS 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 business had revenue of $49.53 million for the quarter, compared to analysts’ expectations of $48.10 million. As a group, equities research analysts expect 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. Dimensional Fund Advisors LP lifted its holdings in Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 227,350 shares of the company’s stock after acquiring 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 quarter. Institutional investors own 18.43% of the company’s stock.

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.