Mastech Digital (NYSEAMERICAN:MHH) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a report released on Tuesday. The firm set a “buy” rating on the stock.

Mastech Digital Stock Performance

Shares of NYSEAMERICAN:MHH opened at $8.81 on Tuesday. Mastech Digital has a twelve month low of $7.50 and a twelve month high of $11.45. The company has a market capitalization of $102.28 million, a P/E ratio of -14.21, a price-to-earnings-growth ratio of 0.86 and a beta of 0.52.

Mastech Digital (NYSEAMERICAN:MHH) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business 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, analysts forecast that Mastech Digital will post 0.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHH. Capital Management Corp VA boosted its position in shares of Mastech Digital by 8.5% during the 4th quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock valued at $7,267,000 after acquiring an additional 67,731 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mastech Digital by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 237,918 shares of the company’s stock valued at $4,399,000 after acquiring an additional 786 shares during the last quarter. Vanguard Group Inc. boosted its position 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. Envestnet Asset Management Inc. boosted its position in shares of Mastech Digital by 14.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 142,448 shares of the company’s stock valued at $1,201,000 after acquiring an additional 17,771 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Mastech Digital by 29.0% during the 2nd quarter. Renaissance Technologies LLC now owns 131,827 shares of the company’s stock valued at $1,302,000 after acquiring an additional 29,605 shares during the last quarter. Hedge funds and other institutional investors own 18.43% 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. 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.