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

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

Mastech Digital Stock Down 0.2 %

Shares of Mastech Digital stock opened at $8.90 on Tuesday. The firm has a market capitalization of $103.42 million, a P/E ratio of -14.35, a PEG ratio of 0.86 and a beta of 0.52. Mastech Digital has a fifty-two week low of $7.50 and a fifty-two week high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts forecast that Mastech Digital will post 0.51 EPS for the current year.

Institutional Trading of Mastech Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Mastech Digital by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 171,294 shares of the company’s stock worth $3,168,000 after acquiring an additional 715 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Mastech Digital by 0.3% in the 1st 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 in the last quarter. BlackRock Inc. grew its stake in Mastech Digital by 1.2% in the 3rd quarter. BlackRock Inc. now owns 84,714 shares of the company’s stock worth $1,251,000 after acquiring an additional 1,021 shares in the last quarter. UBS Group AG grew its stake in Mastech Digital by 164.8% in the 1st quarter. UBS Group AG now owns 1,729 shares of the company’s stock worth $32,000 after acquiring an additional 1,076 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Mastech Digital by 11.8% in the 3rd quarter. HighTower Advisors LLC now owns 14,088 shares of the company’s stock worth $128,000 after acquiring an additional 1,487 shares in the last quarter. 18.43% of the stock is owned by hedge funds and other institutional investors.

Mastech Digital Company Profile

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.