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

Stock analysts at StockNews.com began coverage on shares of Mastech Digital (NYSE:MHH) in a report issued on Saturday. The firm set a “buy” rating on the stock.

Mastech Digital Price Performance

Shares of NYSE MHH opened at $9.66 on Friday. Mastech Digital has a fifty-two week low of $7.15 and a fifty-two week high of $10.90. The business has a 50-day moving average of $9.90 and a 200-day moving average of $9.55. The stock has a market capitalization of $112.83 million, a price-to-earnings ratio of -28.41, a PEG ratio of 1.27 and a beta of 0.47.

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, topping analysts’ consensus estimates 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 firm had revenue of $49.53 million for the quarter, compared to the consensus estimate of $48.10 million. On average, sell-side analysts expect that Mastech Digital will post 0.39 EPS for the current year.

Institutional Trading of Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP boosted its position in shares of Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 227,350 shares of the company’s stock after purchasing an additional 5,236 shares during the quarter. Dimensional Fund Advisors LP owned about 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent reporting period. 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.