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

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

Mastech Digital Stock Performance

Shares of NYSEAMERICAN:MHH opened at $8.51 on Monday. Mastech Digital has a fifty-two week low of $7.50 and a fifty-two week high of $11.45. The company has a market capitalization of $98.89 million, a P/E ratio of -13.73, a PEG ratio of 0.85 and a beta of 0.52.

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

Institutional Investors Weigh In On Mastech Digital

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted 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 acquiring an additional 2,000 shares during the period. Anchor Capital Advisors LLC lifted 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 acquiring an additional 12,484 shares during the period. Access Investment Management LLC purchased a new position in shares of Mastech Digital during the 4th quarter worth about $1,042,000. Finally, Capital Management Corp VA lifted 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 acquiring an additional 23,325 shares during the period. 18.43% of the stock is owned by institutional investors and hedge funds.

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.