Mastech Digital (NYSE:MHH) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Mastech Digital (NYSE:MHH) in a research report released on Tuesday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Stock Performance

Mastech Digital stock opened at $10.10 on Tuesday. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $10.90. The firm has a market cap of $117.50 million, a price-to-earnings ratio of -15.54, a PEG ratio of 1.24 and a beta of 0.47. The business’s 50 day simple moving average is $9.82.

Mastech Digital (NYSE:MHH) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.11. The business had revenue of $49.53 million for the quarter, compared to analysts’ expectations of $48.10 million. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. Analysts predict that Mastech Digital will post 0.39 EPS for the current year.

Institutional Trading of Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Capital Management Corp VA boosted its holdings in Mastech Digital, Inc. (NYSE:MHH) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 866,370 shares of the company’s stock after buying 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 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.