Mastech Digital (NYSEAMERICAN:MHH) Share Price Passes Above 200-Day Moving Average of $0.00

Mastech Digital, Inc. (NYSEAMERICAN:MHH)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.54. Mastech Digital shares last traded at $7.54, with a volume of 1,609 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Mastech Digital in a research note on Saturday, June 15th. They set a “buy” rating on the stock.

Mastech Digital Price Performance

The firm has a market capitalization of $85.02 million, a PE ratio of -11.25, a price-to-earnings-growth ratio of 1.63 and a beta of 0.47.

Mastech Digital (NYSEAMERICAN:MHH) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). The business had revenue of $46.82 million during the quarter, compared to analyst estimates 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 research analysts anticipate that Mastech Digital, Inc. will post 0.23 EPS for the current year.

Institutional Trading of Mastech Digital

An institutional investor recently raised its position in Mastech Digital stock. Capital Management Corp VA boosted its holdings in Mastech Digital, Inc. (NYSEAMERICAN:MHH) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 866,370 shares of the company’s stock after purchasing an additional 4,180 shares during the quarter. Capital Management Corp VA owned about 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent 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.