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

Investment analysts at StockNews.com began coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

Mastech Digital Stock Up 0.8 %

Shares of NYSEAMERICAN MHH opened at $8.57 on Friday. The stock has a market capitalization of $99.58 million, a PE ratio of -13.82, a price-to-earnings-growth ratio of 0.81 and a beta of 0.53. Mastech Digital has a 52 week low of $7.50 and a 52 week high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last announced its quarterly earnings data 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. Mastech Digital had a negative net margin of 3.55% and a positive return on equity of 3.45%. The firm had revenue of $46.05 million during the quarter, compared to analyst estimates of $46.38 million. As a group, equities research analysts predict that Mastech Digital will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Mastech Digital

A number of hedge funds have recently modified their holdings of MHH. Janney Montgomery Scott LLC boosted its stake in Mastech Digital by 11.8% during the third 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 stake in Mastech Digital by 65.2% during the third 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. Access Investment Management LLC purchased a new position in Mastech Digital during the fourth quarter worth about $1,042,000. Finally, Capital Management Corp VA boosted its stake in Mastech Digital by 3.0% during the third 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. Hedge funds and other 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.