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

StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHHFree Report) in a report released on Wednesday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Trading Up 0.7 %

NYSEAMERICAN:MHH opened at $8.37 on Wednesday. Mastech Digital has a 12 month low of $7.50 and a 12 month high of $11.45. The company has a market capitalization of $97.34 million, a P/E ratio of -12.88, a P/E/G ratio of 0.82 and a beta of 0.53.

Mastech Digital (NYSEAMERICAN:MHHGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Mastech Digital had a positive return on equity of 3.00% and a negative net margin of 3.92%. The firm had revenue of $46.82 million during the quarter, compared to analysts’ expectations of $46.50 million. As a group, sell-side analysts expect that Mastech Digital will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Mastech Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHH. Capital Management Corp VA lifted its holdings in Mastech Digital by 0.5% during the 1st quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock worth $7,797,000 after purchasing an additional 4,180 shares in the last quarter. Access Investment Management LLC purchased a new stake in shares of Mastech Digital in the fourth quarter worth about $1,042,000. Anchor Capital Advisors LLC boosted its position 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 acquiring an additional 12,484 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake 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. Institutional investors own 18.43% of the company’s stock.

Mastech Digital Company Profile

(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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