Mastech Digital (NYSEAMERICAN:MHH) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the stock.

Mastech Digital Price Performance

Shares of MHH stock opened at $8.92 on Tuesday. Mastech Digital has a 52-week low of $7.50 and a 52-week high of $11.45. The company has a market cap of $103.59 million, a P/E ratio of -14.38, a price-to-earnings-growth ratio of 0.86 and a beta of 0.52.

Mastech Digital (NYSEAMERICAN:MHH) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $46.05 million during the quarter, compared to analyst estimates of $46.38 million. Mastech Digital had a positive return on equity of 3.45% and a negative net margin of 3.55%. Research analysts expect that Mastech Digital will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MHH. Janney Montgomery Scott LLC grew its stake in Mastech Digital by 11.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after buying an additional 2,000 shares during the last quarter. Capital Management Corp VA grew its stake in Mastech Digital by 3.0% during the 3rd quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock valued at $7,150,000 after purchasing an additional 23,325 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in Mastech Digital by 65.2% during the 3rd quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock valued at $285,000 after purchasing an additional 12,484 shares during the last quarter. Geode Capital Management LLC grew its stake in Mastech Digital by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 26,434 shares of the company’s stock valued at $291,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Mastech Digital by 38.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 16,152 shares of the company’s stock valued at $240,000 after purchasing an additional 4,457 shares during the last quarter. 18.43% of the stock is owned by institutional investors.

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.