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

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

Mastech Digital Trading Down 1.0 %

Shares of Mastech Digital stock opened at $7.65 on Friday. Mastech Digital has a one year low of $7.15 and a one year high of $11.44. The company has a market cap of $88.97 million, a P/E ratio of -11.77, a P/E/G ratio of 1.66 and a beta of 0.44.

Mastech Digital (NYSEAMERICAN:MHH) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Mastech Digital had a positive return on equity of 3.00% and a negative net margin of 3.92%. The company had revenue of $46.82 million for the quarter, compared to analysts’ expectations of $46.50 million. On average, research analysts predict that Mastech Digital will post 0.23 earnings per share for the current year.

Institutional Investors Weigh In On Mastech Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Management Corp VA raised its position in Mastech Digital by 0.5% in the first quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock valued at $7,797,000 after purchasing an additional 4,180 shares during the period. Access Investment Management LLC purchased a new stake in Mastech Digital in the fourth quarter valued at $1,042,000. Finally, Janney Montgomery Scott LLC raised 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 purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors 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.