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

Research analysts at StockNews.com assumed coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a report issued on Saturday. The brokerage set a “buy” rating on the stock.

Mastech Digital Stock Performance

Shares of NYSEAMERICAN:MHH opened at $8.36 on Friday. The company has a market cap of $97.14 million, a P/E ratio of -13.48, a P/E/G ratio of 0.81 and a beta of 0.53. Mastech Digital has a 1 year low of $7.50 and a 1 year high of $11.45.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Management Corp VA increased its position in Mastech Digital by 8.5% during the 4th quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock worth $7,267,000 after purchasing an additional 67,731 shares in the last quarter. Access Investment Management LLC bought a new stake in shares of Mastech Digital during the fourth quarter worth $1,042,000. Anchor Capital Advisors LLC grew its stake in shares of 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 buying an additional 12,484 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of 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 buying an additional 2,000 shares in the last quarter. Institutional investors own 18.43% of the company’s stock.

About Mastech Digital

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.