Renaissance Technologies LLC Sells 10,400 Shares of Mastech Digital, Inc. (NYSE:MHH)

Renaissance Technologies LLC reduced its position in Mastech Digital, Inc. (NYSE:MHH) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,327 shares of the company’s stock after selling 10,400 shares during the period. Renaissance Technologies LLC owned 0.88% of Mastech Digital worth $767,000 at the end of the most recent quarter.

Separately, Capital Management Corp VA raised its holdings in shares of Mastech Digital by 0.5% during the 1st quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock worth $7,797,000 after acquiring an additional 4,180 shares in the last quarter. 18.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Mastech Digital in a report on Wednesday, October 2nd. They issued a “buy” rating for the company.

Mastech Digital Stock Performance

Mastech Digital stock opened at $9.60 on Wednesday. The business has a 50-day simple moving average of $9.73. The company has a market cap of $111.69 million, a P/E ratio of -14.77, a PEG ratio of 1.24 and a beta of 0.47. Mastech Digital, Inc. has a twelve month low of $7.15 and a twelve month high of $10.90.

Mastech Digital (NYSE:MHH) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 company had revenue of $49.53 million during the quarter, compared to analyst estimates of $48.10 million. As a group, sell-side analysts forecast that Mastech Digital, Inc. will post 0.39 earnings per share for the current year.

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.