Mastech Digital (NYSE:MHH) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the stock.

Mastech Digital Stock Down 3.9 %

Shares of NYSE MHH opened at $9.61 on Wednesday. The company has a market capitalization of $111.80 million, a PE ratio of -14.78, a P/E/G ratio of 1.24 and a beta of 0.47. The stock has a fifty day moving average of $9.80. Mastech Digital has a 52 week low of $7.15 and a 52 week high of $10.90.

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

Hedge Funds Weigh In On Mastech Digital

An institutional investor recently raised its position in Mastech Digital stock. Dimensional Fund Advisors LP raised its holdings in Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,350 shares of the company’s stock after acquiring 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 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.