Mastech Digital (NYSEAMERICAN:MHH) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHHFree Report) in a research note issued to investors on Wednesday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Stock Down 0.9 %

Mastech Digital stock opened at $8.15 on Wednesday. Mastech Digital has a twelve month low of $7.50 and a twelve month high of $11.45. The company has a market cap of $94.78 million, a PE ratio of -12.54, a P/E/G ratio of 1.82 and a beta of 0.53.

Mastech Digital (NYSEAMERICAN:MHHGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The company had revenue of $46.82 million for the quarter, compared to the consensus estimate of $46.50 million. Mastech Digital had a negative net margin of 3.92% and a positive return on equity of 3.00%. On average, equities analysts expect that Mastech Digital will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MHH. Janney Montgomery Scott LLC boosted its holdings 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 purchasing an additional 2,000 shares during the period. Anchor Capital Advisors LLC raised its position in Mastech Digital by 65.2% in the 3rd 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. Capital Management Corp VA raised its position 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. Finally, Access Investment Management LLC purchased a new position in Mastech Digital in the 4th quarter worth $1,042,000. 18.43% of the stock is owned by institutional investors.

Mastech Digital Company Profile

(Get Free Report)

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.

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