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

Investment analysts at StockNews.com assumed coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a note issued to investors on Monday. The firm set a “buy” rating on the stock.

Mastech Digital Stock Performance

Shares of MHH stock opened at $8.49 on Monday. The stock has a market cap of $98.65 million, a PE ratio of -13.69, a PEG ratio of 0.86 and a beta of 0.52. Mastech Digital has a twelve month low of $7.50 and a twelve month high of $11.45.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MHH. Janney Montgomery Scott LLC lifted its position in Mastech Digital by 11.8% in the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock valued at $171,000 after buying an additional 2,000 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in Mastech Digital by 65.2% during the third quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock worth $285,000 after purchasing an additional 12,484 shares during the period. Access Investment Management LLC purchased a new stake in Mastech Digital during the fourth quarter worth about $1,042,000. Finally, Capital Management Corp VA increased its stake in Mastech Digital by 3.0% during the third quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock worth $7,150,000 after purchasing an additional 23,325 shares during the period. Institutional investors and hedge funds own 18.43% of the company’s stock.

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.