StockNews.com initiated coverage on shares of Mastech Digital (NYSE:MHH - Free Report) in a research note released on Saturday morning. The firm issued a buy rating on the stock.
Mastech Digital Price Performance
Shares of MHH stock traded down $0.20 on Friday, hitting $9.66. The stock had a trading volume of 13,600 shares, compared to its average volume of 7,932. The company's 50 day moving average price is $9.90 and its 200-day moving average price is $9.57. Mastech Digital has a 1 year low of $7.15 and a 1 year high of $10.90. The firm has a market capitalization of $112.83 million, a P/E ratio of -28.41, a P/E/G ratio of 1.27 and a beta of 0.47.
Mastech Digital (NYSE:MHH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.05 by $0.11. The business had revenue of $49.53 million during the quarter, compared to analyst estimates of $48.10 million. Mastech Digital had a negative net margin of 2.10% and a positive return on equity of 4.53%. On average, equities analysts forecast that Mastech Digital will post 0.39 EPS for the current year.
Hedge Funds Weigh In On Mastech Digital
An institutional investor recently raised its position in Mastech Digital stock. Capital Management Corp VA increased its holdings in shares of Mastech Digital, Inc. (NYSE:MHH - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 866,370 shares of the company's stock after purchasing an additional 4,180 shares during the quarter. Capital Management Corp VA owned approximately 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent quarter. Institutional investors and hedge funds own 18.43% of the company's stock.
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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