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

Analysts at StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHHGet Free Report) in a research report issued to clients and investors on Saturday. The firm set a “buy” rating on the stock.

Mastech Digital Stock Performance

Shares of NYSEAMERICAN:MHH opened at $8.83 on Friday. The firm has a market cap of $102.52 million, a PE ratio of -14.24, a price-to-earnings-growth ratio of 0.85 and a beta of 0.52. Mastech Digital has a 1 year low of $7.50 and a 1 year high of $12.38.

Mastech Digital (NYSEAMERICAN:MHHGet Free Report) last issued 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. The company had revenue of $46.05 million for the quarter, compared to the consensus estimate of $46.38 million. Mastech Digital had a negative net margin of 3.55% and a positive return on equity of 3.45%. On average, research analysts predict that Mastech Digital will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MHH. Access Investment Management LLC bought a new position in Mastech Digital in the fourth quarter worth approximately $1,042,000. Capital Management Corp VA raised its stake in shares of Mastech Digital by 8.5% in the fourth quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock worth $7,267,000 after buying an additional 67,731 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Mastech Digital by 99.9% in the second quarter. Envestnet Asset Management Inc. now owns 108,119 shares of the company’s stock worth $1,068,000 after buying an additional 54,029 shares during the period. Osaic Holdings Inc. raised its stake in shares of Mastech Digital by 125.3% in the second quarter. Osaic Holdings Inc. now owns 82,662 shares of the company’s stock worth $817,000 after buying an additional 45,971 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Mastech Digital during the 2nd quarter worth approximately $346,000. 16.61% of the stock is currently owned by institutional investors.

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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