Mastech Digital (NYSE:MHH) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH) in a report issued on Sunday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Stock Performance

Shares of Mastech Digital stock opened at $9.81 on Friday. The stock has a market capitalization of $114.58 million, a price-to-earnings ratio of -28.85, a price-to-earnings-growth ratio of 1.25 and a beta of 0.46. The company has a fifty day moving average of $9.90 and a 200-day moving average of $9.67. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $10.90.

Mastech Digital (NYSE:MHH) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.11. Mastech Digital had a negative net margin of 2.10% and a positive return on equity of 4.53%. The business had revenue of $49.53 million during the quarter, compared to analyst estimates of $48.10 million. On average, equities research analysts forecast that Mastech Digital will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Capital Management Corp VA grew its stake in shares of Mastech Digital, Inc. (NYSE:MHH) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 866,370 shares of the company’s stock after purchasing an additional 4,180 shares during the quarter. Capital Management Corp VA owned approximately 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent quarter. 18.43% of the stock is 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.