Recent Investment Analysts’ Ratings Changes for Mastech Digital (MHH)

Mastech Digital (NYSEAMERICAN: MHH) has recently received a number of price target changes and ratings updates:

• 5/4/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 4/28/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 4/22/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 4/16/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 4/10/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 4/4/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 3/29/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 3/23/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 3/17/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 3/11/2024 – Mastech Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

Mastech Digital Price Performance

NYSEAMERICAN:MHH opened at $8.45 on Tuesday. Mastech Digital, Inc. has a 52 week low of $7.50 and a 52 week high of $11.45. The firm has a market capitalization of $98.19 million, a price-to-earnings ratio of -13.63, a price-to-earnings-growth ratio of 0.81 and a beta of 0.53.

Mastech Digital (NYSEAMERICAN:MHH) last issued its earnings results on Wednesday, February 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $46.05 million during 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, sell-side analysts anticipate that Mastech Digital, Inc. will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Access Investment Management LLC purchased a new position in shares of Mastech Digital during the 4th quarter worth approximately $1,042,000. Capital Management Corp VA raised its position in 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 acquiring an additional 67,731 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in Mastech Digital by 65.2% in the third quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock valued at $285,000 after acquiring an additional 12,484 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Mastech Digital by 11.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

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.