Mastech Digital (NYSEAMERICAN:MHH) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the stock.

Mastech Digital Trading Up 1.7 %

Shares of MHH stock opened at $8.73 on Friday. Mastech Digital has a 1 year low of $7.50 and a 1 year high of $11.45. The firm has a market capitalization of $101.44 million, a price-to-earnings ratio of -14.08, a price-to-earnings-growth ratio of 0.83 and a beta of 0.52.

Mastech Digital (NYSEAMERICAN:MHH) last released its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (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 the consensus estimate of $46.38 million. Mastech Digital had a positive return on equity of 3.45% and a negative net margin of 3.55%. Research analysts expect that Mastech Digital will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MHH. Capital Management Corp VA boosted its holdings in shares of Mastech Digital by 3.0% during the 3rd quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock worth $7,150,000 after buying an additional 23,325 shares during the period. Janney Montgomery Scott LLC boosted its holdings 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 buying an additional 2,000 shares during the period. Anchor Capital Advisors LLC boosted its holdings in shares of Mastech Digital by 65.2% during the 3rd 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 period. Finally, Access Investment Management LLC bought a new stake in shares of Mastech Digital during the 4th quarter worth about $1,042,000. 18.43% of the stock is currently owned by institutional investors and hedge funds.

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.