StockNews.com started coverage on shares of Mastech Digital (NYSE:MHH - Free Report) in a research note issued to investors on Friday morning. The firm issued a buy rating on the stock.
Mastech Digital Stock Performance
Shares of NYSE MHH traded down $0.33 during mid-day trading on Friday, reaching $10.22. The company had a trading volume of 11,900 shares, compared to its average volume of 7,839. The company has a 50-day moving average price of $9.94. The firm has a market cap of $118.90 million, a price-to-earnings ratio of -15.72, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47. Mastech Digital has a one year low of $7.15 and a one year high of $10.90.
Mastech Digital (NYSE:MHH - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.11. Mastech Digital had a negative net margin of 2.10% and a positive return on equity of 4.53%. The business had revenue of $49.53 million during the quarter, compared to analysts' expectations of $48.10 million. Equities research analysts predict that Mastech Digital will post 0.39 EPS for the current fiscal year.
Hedge Funds Weigh In On Mastech Digital
An institutional investor recently raised its position in Mastech Digital stock. Dimensional Fund Advisors LP raised its holdings in Mastech Digital, Inc. (NYSE:MHH - Free Report) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 227,350 shares of the company's stock after buying an additional 5,236 shares during the quarter. Dimensional Fund Advisors LP owned 1.95% of Mastech Digital worth $1,705,000 as of its most recent SEC filing. 18.43% of the stock is currently owned by hedge funds and other institutional investors.
Mastech Digital Company Profile
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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.
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