Mastech Digital (NYSE:MHH) Announces Earnings Results, Beats Estimates By $0.05 EPS

Mastech Digital (NYSE:MHH - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05, RTT News reports. Mastech Digital had a net margin of 1.71% and a return on equity of 8.20%. During the same period in the prior year, the business posted $0.11 earnings per share.

Mastech Digital Stock Performance

Shares of NYSE:MHH traded down $1.64 during mid-day trading on Friday, reaching $11.58. 25,400 shares of the company's stock were exchanged, compared to its average volume of 19,620. The firm has a market capitalization of $135.56 million, a price-to-earnings ratio of 39.93, a PEG ratio of 0.79 and a beta of 0.56. The business's fifty day moving average price is $13.52 and its 200-day moving average price is $14.19. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $16.00.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mastech Digital from a "buy" rating to a "strong-buy" rating in a research report on Friday, January 3rd.

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.