Mastech Digital (NYSE:MHH) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Mastech Digital (NYSE:MHH) in a research report sent to investors on Wednesday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Stock Down 3.9 %

Shares of NYSE MHH opened at $9.61 on Wednesday. Mastech Digital has a 52-week low of $7.15 and a 52-week high of $10.90. The stock has a market capitalization of $111.80 million, a price-to-earnings ratio of -14.78, a price-to-earnings-growth ratio of 1.24 and a beta of 0.47. The company has a 50 day moving average price of $9.80.

Mastech Digital (NYSE:MHH) last issued its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. The business had revenue of $49.53 million during the quarter, compared to analysts’ expectations of $48.10 million. Equities research analysts anticipate that Mastech Digital will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mastech Digital stock. Dimensional Fund Advisors LP lifted its holdings in Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 227,350 shares of the company’s stock after purchasing an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned about 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.