Initiates Coverage on Mastech Digital (NYSE:MHH)

Equities researchers at 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

(Get Rating)

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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