Mastech Digital (NYSEAMERICAN:MHH) Stock Crosses Above 200 Day Moving Average of $0.00

Mastech Digital, Inc. (NYSEAMERICAN:MHHGet Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $15.43. Mastech Digital shares last traded at $15.38, with a volume of 11,177 shares trading hands.

Mastech Digital Stock Up 4.6 %

The company has a market cap of $178.58 million, a price-to-earnings ratio of 17.88, a P/E/G ratio of 0.70 and a beta of 0.53. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.14.

Mastech Digital (NYSEAMERICAN:MHHGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The company had revenue of $62.12 million during the quarter, compared to analysts’ expectations of $61.28 million. Mastech Digital had a return on equity of 17.93% and a net margin of 4.90%. Equities research analysts anticipate that Mastech Digital, Inc. will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Anchor Capital Advisors LLC raised its holdings in shares of Mastech Digital by 10.0% during the first quarter. Anchor Capital Advisors LLC now owns 75,803 shares of the company’s stock worth $1,402,000 after purchasing an additional 6,892 shares during the last quarter. Capital Management Corp VA increased its holdings in Mastech Digital by 3.2% in the first quarter. Capital Management Corp VA now owns 333,919 shares of the company’s stock valued at $6,174,000 after buying an additional 10,305 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Mastech Digital by 5.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,411 shares of the company’s stock valued at $212,000 after buying an additional 683 shares in the last quarter. BlackRock Inc. increased its holdings in Mastech Digital by 4.6% in the first quarter. BlackRock Inc. now owns 81,451 shares of the company’s stock valued at $1,507,000 after buying an additional 3,548 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Mastech Digital by 95.9% in the first quarter. JPMorgan Chase & Co. now owns 29,868 shares of the company’s stock valued at $552,000 after buying an additional 14,621 shares in the last quarter. Hedge funds and other institutional investors own 13.87% of the company’s stock.

About Mastech Digital

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Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. It operates through two segments, Data and Analytics Services, and IT Staffing Services. The company 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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