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

StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH) in a research note issued to investors on Sunday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Trading Up 4.1 %

Shares of Mastech Digital stock opened at $9.90 on Friday. The company has a market capitalization of $115.63 million, a price-to-earnings ratio of -15.23, a price-to-earnings-growth ratio of 1.15 and a beta of 0.47. The firm has a 50-day moving average price of $9.73. Mastech Digital has a one year low of $7.15 and a one year high of $10.90.

Mastech Digital (NYSE:MHH) last released its earnings results on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $48.10 million. On average, analysts expect that Mastech Digital will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP lifted its holdings in shares of Mastech Digital, Inc. (NYSE:MHH) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,350 shares of the company’s stock after buying an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned about 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent quarter. 18.43% 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.