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

StockNews.com started coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research note released on Saturday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Stock Performance

Shares of MHH opened at $8.45 on Friday. The firm has a market cap of $98.19 million, a PE ratio of -13.63, a P/E/G ratio of 0.81 and a beta of 0.53. Mastech Digital has a 1-year low of $7.50 and a 1-year high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Mastech Digital had a positive return on equity of 3.45% and a negative net margin of 3.55%. The business had revenue of $46.05 million for the quarter, compared to analyst estimates of $46.38 million. Sell-side analysts anticipate that Mastech Digital will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Capital Management Corp VA grew its position in Mastech Digital by 8.5% during the 4th quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock worth $7,267,000 after purchasing an additional 67,731 shares during the period. Access Investment Management LLC acquired a new stake in Mastech Digital during the fourth quarter worth about $1,042,000. Anchor Capital Advisors LLC raised its position in Mastech Digital by 65.2% during 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 in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Mastech Digital by 11.8% in 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 during the period. 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.