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

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

Mastech Digital Stock Down 2.5 %

Shares of MHH stock opened at $9.72 on Friday. The business’s fifty day simple moving average is $11.38. The company has a market capitalization of $112.80 million, a PE ratio of 60.78, a PEG ratio of 1.63 and a beta of 0.65. Mastech Digital has a 52 week low of $8.50 and a 52 week high of $15.96.

Mastech Digital (NYSEAMERICAN:MHH) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Mastech Digital had a return on equity of 8.71% and a net margin of 0.89%. The business had revenue of $52.20 million for the quarter, compared to analyst estimates of $54.94 million. Equities research analysts forecast that Mastech Digital will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Mastech Digital

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Mastech Digital by 95.9% during the first quarter. JPMorgan Chase & Co. now owns 29,868 shares of the company’s stock valued at $552,000 after buying an additional 14,621 shares during the period. BlackRock Inc. boosted its position in shares of Mastech Digital by 4.6% during the first quarter. BlackRock Inc. now owns 81,451 shares of the company’s stock worth $1,507,000 after acquiring an additional 3,548 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mastech Digital by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 237,918 shares of the company’s stock worth $4,399,000 after acquiring an additional 786 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Mastech Digital by 0.4% during the first quarter. Vanguard Group Inc. now owns 171,294 shares of the company’s stock worth $3,168,000 after acquiring an additional 715 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Mastech Digital by 164.8% during the first quarter. UBS Group AG now owns 1,729 shares of the company’s stock worth $32,000 after acquiring an additional 1,076 shares during the last quarter. 16.61% of the stock is owned by hedge funds and other institutional investors.

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. It operates through two segments, Data and Analytics Services, and IT Staffing Services. The company 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.