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

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

Mastech Digital Price Performance

Shares of NYSE MHH opened at $9.66 on Friday. The firm’s 50-day moving average is $9.90 and its two-hundred day moving average is $9.55. The company has a market capitalization of $112.83 million, a PE ratio of -28.41, a price-to-earnings-growth ratio of 1.27 and a beta of 0.47. Mastech Digital has a 12-month low of $7.15 and a 12-month high of $10.90.

Mastech Digital (NYSE:MHH) last issued its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The business had revenue of $49.53 million for the quarter, compared to analyst estimates of $48.10 million. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. On average, analysts forecast that Mastech Digital will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP raised its position in Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,350 shares of the company’s stock after purchasing an additional 5,236 shares during the quarter. Dimensional Fund Advisors LP owned about 1.95% of Mastech Digital worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission. 18.43% of the stock is owned by 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.