Mastech Digital (NYSEAMERICAN:MHH) Coverage Initiated at StockNews.com

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

Mastech Digital Price Performance

Shares of Mastech Digital stock opened at $8.36 on Friday. Mastech Digital has a 12-month low of $7.50 and a 12-month high of $11.45. The company has a market cap of $97.14 million, a price-to-earnings ratio of -13.48, a P/E/G ratio of 0.81 and a beta of 0.53.

Mastech Digital (NYSEAMERICAN:MHH) last posted its quarterly earnings data 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. Mastech Digital had a negative net margin of 3.55% and a positive return on equity of 3.45%. The business had revenue of $46.05 million during the quarter, compared to the consensus estimate of $46.38 million. As a group, equities analysts predict that Mastech Digital will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Mastech Digital

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its holdings in Mastech Digital by 11.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock valued at $171,000 after buying an additional 2,000 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Mastech Digital by 65.2% in 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 during the last quarter. Access Investment Management LLC bought a new position in Mastech Digital during the fourth quarter worth $1,042,000. Finally, Capital Management Corp VA raised its stake in Mastech Digital by 3.0% during the 3rd quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock valued at $7,150,000 after purchasing an additional 23,325 shares during the last quarter. 18.43% of the stock is currently owned by institutional investors.

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.