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

Equities researchers at StockNews.com assumed coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a report released on Saturday. The firm set a “buy” rating on the stock.

Mastech Digital Stock Up 3.2 %

Shares of NYSEAMERICAN:MHH opened at $8.36 on Friday. The stock has a market capitalization of $97.14 million, a price-to-earnings ratio of -13.48, a price-to-earnings-growth ratio of 0.86 and a beta of 0.53. Mastech Digital has a fifty-two week low of $7.50 and a fifty-two week high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last released its quarterly earnings data 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. The firm had revenue of $46.05 million during 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%. Sell-side analysts forecast that Mastech Digital will post 0.51 earnings per share for the current year.

Institutional Trading of Mastech Digital

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Mastech Digital by 11.8% in the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after acquiring an additional 2,000 shares during the period. Anchor Capital Advisors LLC increased its stake in shares of Mastech Digital by 65.2% in the 3rd quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock worth $285,000 after purchasing an additional 12,484 shares in the last quarter. Access Investment Management LLC bought a new position in Mastech Digital in the 4th quarter worth $1,042,000. Finally, Capital Management Corp VA lifted its position in Mastech Digital by 3.0% during the third quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock valued at $7,150,000 after purchasing an additional 23,325 shares in 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.