Mastech Digital (NYSEAMERICAN:MHH) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research note issued on Monday. The firm set a “buy” rating on the stock.

Mastech Digital Stock Performance

MHH stock opened at $8.87 on Monday. Mastech Digital has a 12-month low of $7.50 and a 12-month high of $11.45. The stock has a market capitalization of $103.07 million, a P/E ratio of -14.31, a PEG ratio of 0.86 and a beta of 0.52.

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

Hedge Funds Weigh In On Mastech Digital

Institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its stake in Mastech Digital by 11.8% during the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after buying an additional 2,000 shares during the last quarter. Capital Management Corp VA raised its holdings in shares of Mastech Digital by 3.0% during the 3rd quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock worth $7,150,000 after acquiring an additional 23,325 shares during the period. Anchor Capital Advisors LLC boosted its position in shares of Mastech Digital by 65.2% during the 3rd quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock valued at $285,000 after acquiring an additional 12,484 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Mastech Digital by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 26,434 shares of the company’s stock valued at $291,000 after purchasing an additional 1,940 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Mastech Digital by 38.1% in the second quarter. Envestnet Asset Management Inc. now owns 16,152 shares of the company’s stock valued at $240,000 after purchasing an additional 4,457 shares during the period. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.