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

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

Mastech Digital Stock Performance

Shares of Mastech Digital stock opened at $8.73 on Friday. The firm has a market cap of $101.44 million, a PE ratio of -14.08, a PEG ratio of 0.83 and a beta of 0.52. Mastech Digital has a 12 month low of $7.50 and a 12 month high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last posted its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) 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 company had revenue of $46.05 million for the quarter, compared to analyst estimates of $46.38 million. Sell-side analysts predict 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 added to or reduced their stakes in the stock. Access Investment Management LLC acquired a new stake in shares of Mastech Digital during the fourth quarter worth about $1,042,000. Capital Management Corp VA raised its position in Mastech Digital by 8.5% during the fourth 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 in the last quarter. Anchor Capital Advisors LLC raised its position in Mastech Digital by 65.2% during the third 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 in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Mastech Digital by 11.8% during the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock valued at $171,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 18.43% of the company’s stock.

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.