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

StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research note released on Monday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Trading Down 0.8 %

Shares of MHH opened at $8.80 on Monday. The firm has a market cap of $102.26 million, a price-to-earnings ratio of -14.19, a PEG ratio of 0.86 and a beta of 0.52. Mastech Digital has a 12 month low of $7.50 and a 12 month high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $46.05 million for the quarter, compared to analysts’ expectations of $46.38 million. Mastech Digital had a negative net margin of 3.55% and a positive return on equity of 3.45%. As a group, sell-side analysts predict that Mastech Digital will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Mastech Digital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Access Investment Management LLC bought a new position in shares of Mastech Digital during the 4th quarter worth about $1,042,000. Capital Management Corp VA raised its holdings in shares of Mastech Digital by 8.5% in the 4th 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 during the last quarter. Anchor Capital Advisors LLC raised its holdings in shares of Mastech Digital by 65.2% in the 3rd 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. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Mastech Digital by 11.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after acquiring an additional 2,000 shares during 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.