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

StockNews.com began coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a report released on Tuesday. The brokerage issued a buy rating on the stock.

Mastech Digital Trading Up 0.8 %

Shares of NYSEAMERICAN MHH opened at $8.88 on Tuesday. Mastech Digital has a 1-year low of $7.50 and a 1-year high of $11.45. The company has a market cap of $103.10 million, a price-to-earnings ratio of -14.32, a P/E/G ratio of 0.86 and a beta of 0.52.

Mastech Digital (NYSEAMERICAN:MHH) last announced its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $46.38 million. As a group, analysts predict that Mastech Digital will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. UBS Group AG boosted its position in shares of 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 buying an additional 1,076 shares during the period. Cetera Advisor Networks LLC purchased a new stake in shares of Mastech Digital in the second quarter valued at approximately $113,000. Royal Bank of Canada boosted its holdings in shares of Mastech Digital by 77.3% in the second quarter. Royal Bank of Canada now owns 11,446 shares of the company’s stock valued at $114,000 after purchasing an additional 4,989 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Mastech Digital by 11.8% in 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 during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Mastech Digital by 38.1% in the second quarter. Envestnet Asset Management Inc. now owns 16,152 shares of the company’s stock valued at $240,000 after purchasing an additional 4,457 shares during the period. Hedge funds and other institutional investors own 18.43% of the company’s stock.

Mastech Digital Company Profile

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.