Mastech Digital (NYSEAMERICAN:MHH) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Shares of Mastech Digital, Inc. (NYSEAMERICAN:MHH) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $10.94. Mastech Digital shares last traded at $10.73, with a volume of 5,177 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Mastech Digital in a research report on Wednesday, August 23rd. They set a “buy” rating on the stock.

Mastech Digital Price Performance

The stock has a 50-day moving average price of $11.49. The stock has a market capitalization of $124.47 million, a P/E ratio of 67.07, a price-to-earnings-growth ratio of 1.74 and a beta of 0.65.

Mastech Digital (NYSEAMERICAN:MHH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Mastech Digital had a net margin of 0.89% and a return on equity of 8.71%. The company had revenue of $52.20 million during the quarter, compared to the consensus estimate of $54.94 million. As a group, analysts anticipate that Mastech Digital, Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Mastech Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG boosted its holdings in Mastech Digital by 164.8% during the first quarter. UBS Group AG now owns 1,729 shares of the company’s stock valued at $32,000 after purchasing an additional 1,076 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Mastech Digital in the 2nd quarter valued at $113,000. Royal Bank of Canada boosted its stake in Mastech Digital by 77.3% in the 2nd quarter. Royal Bank of Canada now owns 11,446 shares of the company’s stock valued at $114,000 after buying an additional 4,989 shares in the last quarter. Denali Advisors LLC bought a new stake in Mastech Digital in the second quarter valued at $180,000. Finally, Advisor Group Holdings Inc. raised its stake in Mastech Digital by 13.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 17,609 shares of the company’s stock worth $194,000 after acquiring an additional 2,107 shares in the last quarter. Institutional investors own 16.61% of the company’s stock.

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. 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.