Mastech Digital (NYSEAMERICAN:MHH) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mastech Digital (NYSEAMERICAN:MHHFree Report) in a research note published on Friday. The firm issued a buy rating on the stock.

Mastech Digital Trading Up 1.1 %

Shares of NYSEAMERICAN MHH opened at $9.00 on Friday. Mastech Digital has a 52-week low of $7.50 and a 52-week high of $12.38. The stock has a market cap of $104.49 million, a PE ratio of -14.52, a P/E/G ratio of 0.86 and a beta of 0.52.

Mastech Digital (NYSEAMERICAN:MHHGet Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $46.05 million for the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Mastech Digital will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mastech Digital

Several institutional investors have recently made changes to their positions in MHH. UBS Group AG grew its holdings in Mastech Digital by 164.8% during the first quarter. UBS Group AG now owns 1,729 shares of the company’s stock valued at $32,000 after purchasing an additional 1,076 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Mastech Digital in the 2nd quarter worth approximately $113,000. Royal Bank of Canada raised its stake in Mastech Digital by 77.3% during the 2nd quarter. Royal Bank of Canada now owns 11,446 shares of the company’s stock worth $114,000 after acquiring an additional 4,989 shares during the period. HighTower Advisors LLC lifted its holdings in Mastech Digital by 11.8% during the third quarter. HighTower Advisors LLC now owns 14,088 shares of the company’s stock valued at $128,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Northern Trust Corp bought a new position in shares of Mastech Digital in the fourth quarter worth approximately $153,000. 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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