Mastech Digital (NYSE:MHH) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Mastech Digital (NYSE:MHH) in a research report released on Friday morning. The firm issued a buy rating on the stock.

Mastech Digital Price Performance

MHH opened at $10.22 on Friday. The company has a market capitalization of $118.90 million, a PE ratio of -15.72, a P/E/G ratio of 1.35 and a beta of 0.47. The firm’s 50 day moving average is $9.94. Mastech Digital has a one year low of $7.15 and a one year high of $10.90.

Mastech Digital (NYSE:MHH) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. The firm had revenue of $49.53 million for the quarter, compared to analyst estimates of $48.10 million. As a group, sell-side analysts anticipate that Mastech Digital will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Mastech Digital

An institutional investor recently raised its position in Mastech Digital stock. Dimensional Fund Advisors LP raised its holdings in shares of Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 227,350 shares of the company’s stock after acquiring an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned approximately 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.