Mastech Digital (NYSE:MHH) Now covered by StockNews.com

Investment analysts at StockNews.com have begun coverage on the stock Mastech Digital (NYSE:MHH – Get a Free Report) in a research report issued on Tuesday. The firm set a “buy” rating on the stock.

Mastech Digital trading down 9.6%

Shares of Mastech Digital stock opened at $9.65 on Tuesday. The stock has a market cap 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 fifty-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 – Get Free Report ) last announced its quarterly earnings results 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. The company had revenue of $49.53 million during the quarter, compared to the consensus estimate of $48.10 million. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. On average, sell-side analysts expect that Mastech Digital will post 0.39 earnings per share for the current year.

Institutional trading of Mastech Digital

A hedge fund recently increased its stake in shares of Mastech Digital. Capital Management Corp VA increased its position in shares of Mastech Digital, Inc. (NYSE:MHH – Free Report) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 866,370 shares of the company’s stock after buying an additional 4,180 shares during the period. Capital Management Corp VA owned 7.46% of Mastech Digital worth $7,797,000 as of its most recent SEC filing. 18.43% of the shares are currently held by hedge funds and other institutional investors.

About Mastech Digital

(Get a free report)

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium and small businesses in the United States. The company operates through the Data and Analytics Services and IT Staffing Services segments. Provides 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 using onsite and offshore resources.

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