Mastech Digital (NYSEAMERICAN:MHH) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a report issued on Saturday. The firm issued a buy rating on the stock.

Mastech Digital Stock Up 3.2 %

MHH stock traded up $0.26 during midday trading on Friday, hitting $8.36. 5,248 shares of the company traded hands, compared to its average volume of 4,424. The company has a market cap of $97.14 million, a PE ratio of 33.44, a price-to-earnings-growth ratio of 0.81 and a beta of 0.53. Mastech Digital has a twelve month low of $7.50 and a twelve month high of $11.45.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Access Investment Management LLC bought a new position in shares of Mastech Digital in the 4th quarter worth $1,042,000. Capital Management Corp VA boosted its stake in Mastech Digital by 8.5% in the 4th quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock worth $7,267,000 after purchasing an additional 67,731 shares during the period. Anchor Capital Advisors LLC lifted its holdings in shares of Mastech Digital by 65.2% in the third 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 in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Mastech Digital by 11.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock valued at $171,000 after acquiring an additional 2,000 shares in the last quarter. 18.43% of the stock is currently 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.