Mastech Digital (NYSE:MHH) Now Covered by StockNews.com

StockNews.com began coverage on shares of Mastech Digital (NYSE:MHH) in a report issued on Sunday morning. The firm issued a buy rating on the stock.

Mastech Digital Stock Up 5.6 %

Mastech Digital stock opened at $10.89 on Friday. The business has a 50-day simple moving average of $9.97 and a two-hundred day simple moving average of $9.72. The company has a market cap of $127.20 million, a P/E ratio of -32.03, a P/E/G ratio of 1.30 and a beta of 0.46. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $11.59.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP raised its position in shares of Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,350 shares of the company’s stock after acquiring an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned approximately 1.95% of Mastech Digital worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.43% of the stock is currently owned by hedge funds and other 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.