StockNews.com Initiates Coverage on Mastech Digital (NYSE:MHH)

Equities research analysts at StockNews.com began coverage on shares of Mastech Digital (NYSE:MHH - Get Free Report) in a research note issued on Sunday. The firm set a "buy" rating on the stock.

Mastech Digital Stock Up 0.7 %

Shares of NYSE:MHH traded up $0.07 during mid-day trading on Friday, reaching $9.81. 12,600 shares of the company's stock were exchanged, compared to its average volume of 11,288. The firm's fifty day simple moving average is $9.90. Mastech Digital has a twelve month low of $7.15 and a twelve month high of $10.90. The firm has a market cap of $114.58 million, a price-to-earnings ratio of -28.85, a price-to-earnings-growth ratio of 1.25 and a beta of 0.46.

Mastech Digital (NYSE:MHH - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share 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 firm had revenue of $49.53 million for the quarter, compared to the consensus estimate of $48.10 million. Sell-side analysts anticipate that Mastech Digital will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mastech Digital stock. Dimensional Fund Advisors LP boosted its position in shares of Mastech Digital, Inc. (NYSE:MHH - Free Report) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,350 shares of the company's stock after purchasing an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned about 1.95% of Mastech Digital worth $1,705,000 as of its most recent SEC filing. 18.43% of the stock is owned by hedge funds and other 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.