Mastech Digital (NYSE:MHH) Receives New Coverage from Analysts at StockNews.com

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

Mastech Digital Trading Up 0.4 %

MHH opened at $9.99 on Monday. The stock has a market cap of $116.68 million, a PE ratio of -15.37, a PEG ratio of 1.27 and a beta of 0.47. The company has a 50 day moving average price of $9.81. Mastech Digital has a 52 week low of $7.15 and a 52 week high of $10.90.

Mastech Digital (NYSE:MHH) last announced its quarterly earnings data 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 business 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 predict that Mastech Digital will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP grew its holdings in Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,350 shares of the company’s stock after purchasing an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned about 1.95% of Mastech Digital worth $1,705,000 as of its most recent SEC filing. 18.43% of the stock is owned by 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. 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.