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

Equities researchers at StockNews.com started coverage on shares of Mastech Digital (NYSE:MHHGet Rating) in a research note issued on Saturday. The brokerage set a “buy” rating on the stock.

Mastech Digital Stock Performance

Shares of NYSE MHH opened at $15.84 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $15.23 and a 200-day simple moving average of $17.05. The company has a market cap of $183.98 million, a PE ratio of 16.00, a P/E/G ratio of 0.66 and a beta of 0.54. Mastech Digital has a 12-month low of $12.72 and a 12-month high of $21.83.

Mastech Digital (NYSE:MHHGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). The business had revenue of $62.12 million for the quarter, compared to analyst estimates of $61.28 million. Mastech Digital had a return on equity of 18.24% and a net margin of 5.01%. On average, equities research analysts forecast that Mastech Digital will post 1.17 EPS for the current year.

About Mastech Digital

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Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. It operates through two segments, Data and Analytics Services, and IT Staffing Services. The company 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.

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