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

Institutional Trading of Mastech Digital

Several institutional investors have recently modified their holdings of the stock. UBS Group AG raised its stake in shares of Mastech Digital by 164.8% in the 1st quarter. UBS Group AG now owns 1,729 shares of the company’s stock valued at $32,000 after acquiring an additional 1,076 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Mastech Digital by 5.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,411 shares of the company’s stock valued at $212,000 after acquiring an additional 683 shares during the period. JPMorgan Chase & Co. increased its stake in Mastech Digital by 95.9% during the 1st quarter. JPMorgan Chase & Co. now owns 29,868 shares of the company’s stock worth $552,000 after buying an additional 14,621 shares during the period. Anchor Capital Advisors LLC increased its stake in Mastech Digital by 13.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 86,149 shares of the company’s stock worth $1,280,000 after buying an additional 10,346 shares during the period. Finally, Royce & Associates LP increased its stake in Mastech Digital by 15.8% during the 2nd quarter. Royce & Associates LP now owns 89,714 shares of the company’s stock worth $1,333,000 after buying an additional 12,212 shares during the period. Institutional investors and hedge funds 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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