Mastech Digital (NYSEAMERICAN:MHH) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

Mastech Digital Trading Down 1.8 %

Shares of NYSEAMERICAN:MHH opened at $8.69 on Wednesday. The firm has a market capitalization of $100.89 million, a PE ratio of -14.02, a P/E/G ratio of 0.88 and a beta of 0.52. Mastech Digital has a 52-week low of $7.50 and a 52-week high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $46.05 million for the quarter, compared to analysts’ expectations of $46.38 million. Mastech Digital had a negative net margin of 3.55% and a positive return on equity of 3.45%. On average, equities analysts anticipate that Mastech Digital will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Mastech Digital by 95.9% in the first quarter. JPMorgan Chase & Co. now owns 29,868 shares of the company’s stock valued at $552,000 after purchasing an additional 14,621 shares during the period. BlackRock Inc. boosted its stake in Mastech Digital by 4.6% in the 1st quarter. BlackRock Inc. now owns 81,451 shares of the company’s stock worth $1,507,000 after buying an additional 3,548 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Mastech Digital by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 237,918 shares of the company’s stock valued at $4,399,000 after buying an additional 786 shares during the period. Vanguard Group Inc. increased its stake in shares of Mastech Digital by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 171,294 shares of the company’s stock valued at $3,168,000 after acquiring an additional 715 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Mastech Digital by 164.8% during the 1st quarter. UBS Group AG now owns 1,729 shares of the company’s stock valued at $32,000 after acquiring an additional 1,076 shares during the last quarter. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.