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

Equities research analysts at StockNews.com initiated coverage on shares of Mastech Digital (NYSE:MHH) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.

Mastech Digital Trading Down 9.6 %

Mastech Digital stock opened at $9.65 on Tuesday. The firm has a market capitalization of $112.27 million, a PE ratio of -14.85, a P/E/G ratio of 1.27 and a beta of 0.47. The stock’s 50-day moving average price is $9.86. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $10.90.

Mastech Digital (NYSE:MHH) last posted its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.11. The company 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%. Research analysts anticipate 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 boosted its holdings in shares of Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 227,350 shares of the company’s stock after buying an additional 5,236 shares during the quarter. Dimensional Fund Advisors LP owned 1.95% of Mastech Digital worth $1,705,000 as of its most recent SEC filing. 18.43% of the stock is currently owned by institutional investors.

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.