StockNews.com Begins Coverage on Mastech Digital (NYSE:MHH)

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

Mastech Digital Stock Up 5.6 %

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

Mastech Digital (NYSE:MHH) last released its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.11. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. The firm had revenue of $49.53 million for the quarter, compared to analyst estimates of $48.10 million. Sell-side 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. Capital Management Corp VA boosted its holdings in Mastech Digital, Inc. (NYSE:MHH) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 866,370 shares of the company’s stock after acquiring an additional 4,180 shares during the period. Capital Management Corp VA owned 7.46% of Mastech Digital worth $7,797,000 as of its most recent filing with the Securities and Exchange Commission. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.