StockNews.com Initiates Coverage on Mastech Digital (NYSEAMERICAN:MHH)

StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research note published on Monday morning. The firm issued a buy rating on the stock.

Mastech Digital Stock Performance

Shares of MHH opened at $8.80 on Monday. The stock has a market cap of $102.26 million, a PE ratio of -14.19, a P/E/G ratio of 0.86 and a beta of 0.52. Mastech Digital has a 1-year low of $7.50 and a 1-year high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last announced its earnings results 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 firm had revenue of $46.05 million for the quarter, compared to analyst estimates of $46.38 million. Mastech Digital had a negative net margin of 3.55% and a positive return on equity of 3.45%. Research analysts expect that Mastech Digital will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Mastech Digital

A number of large investors have recently modified their holdings of MHH. Access Investment Management LLC bought a new stake in Mastech Digital during the fourth quarter worth about $1,042,000. Capital Management Corp VA boosted its stake in Mastech Digital by 8.5% during the fourth quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock worth $7,267,000 after acquiring an additional 67,731 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in Mastech Digital by 65.2% during the third quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock worth $285,000 after acquiring an additional 12,484 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Mastech Digital by 11.8% during the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after acquiring an additional 2,000 shares in the last quarter. 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.