Mastech Digital (NYSEAMERICAN:MHH) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Mastech Digital (NYSEAMERICAN:MHHGet Free Report) in a research report issued on Monday. The brokerage set a “buy” rating on the stock.

Mastech Digital Trading Down 0.1 %

Shares of Mastech Digital stock opened at $8.01 on Monday. Mastech Digital has a 1 year low of $7.50 and a 1 year high of $11.45. The firm has a market cap of $93.16 million, a price-to-earnings ratio of -12.32, a price-to-earnings-growth ratio of 1.74 and a beta of 0.53.

Mastech Digital (NYSEAMERICAN:MHHGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.07). The company had revenue of $46.82 million for the quarter, compared to analysts’ expectations of $46.50 million. Mastech Digital had a positive return on equity of 3.00% and a negative net margin of 3.92%. On average, research analysts forecast that Mastech Digital will post 0.23 EPS for the current year.

Institutional Trading of Mastech Digital

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its stake in shares of Mastech Digital by 11.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock valued at $171,000 after purchasing an additional 2,000 shares in the last quarter. Anchor Capital Advisors LLC increased its stake in shares of Mastech Digital by 65.2% in the third quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock valued at $285,000 after purchasing an additional 12,484 shares during the period. Access Investment Management LLC acquired a new stake in shares of Mastech Digital in the fourth quarter valued at approximately $1,042,000. Finally, Capital Management Corp VA increased its stake in shares of Mastech Digital by 8.5% in the fourth quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock valued at $7,267,000 after purchasing an additional 67,731 shares during the period. 18.43% of the stock is owned by hedge funds and other institutional investors.

About Mastech Digital

(Get Free Report)

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.

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