Mastech Digital (NYSEAMERICAN:MHH) Stock Crosses Above 200-Day Moving Average of $0.00

Shares of Mastech Digital, Inc. (NYSEAMERICAN:MHH) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $7.30. Mastech Digital shares last traded at $7.23, with a volume of 6,926 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Mastech Digital in a report on Saturday, June 15th. They issued a “buy” rating on the stock.

Mastech Digital Trading Up 2.6 %

The firm has a market capitalization of $92.46 million, a price-to-earnings ratio of -11.92, a P/E/G ratio of 1.57 and a beta of 0.47.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mastech Digital stock. Capital Management Corp VA lifted its position in shares of Mastech Digital, Inc. (NYSEAMERICAN:MHH) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 866,370 shares of the company’s stock after acquiring an additional 4,180 shares during the quarter. Capital Management Corp VA owned approximately 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent reporting period. Institutional investors own 18.43% of the company’s stock.

About Mastech Digital

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.