Mastech Digital (NYSE:MHH) Stock Price Down 0.4% - Here's Why

Mastech Digital, Inc. (NYSE:MHH - Get Free Report)'s share price fell 0.4% during trading on Tuesday . The company traded as low as $9.72 and last traded at $10.02. 2,866 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 9,848 shares. The stock had previously closed at $10.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Mastech Digital in a research report on Saturday. They set a "buy" rating for the company.

Mastech Digital Price Performance

The firm's 50 day moving average price is $9.92 and its 200-day moving average price is $9.62. The firm has a market cap of $117.50 million, a price-to-earnings ratio of -15.54, a P/E/G ratio of 1.27 and a beta of 0.47.

Mastech Digital (NYSE:MHH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $48.10 million. Analysts expect that Mastech Digital, Inc. will post 0.39 EPS for the current year.

Hedge Funds Weigh In On Mastech Digital

A hedge fund recently raised its stake in Mastech Digital stock. Capital Management Corp VA lifted its position in Mastech Digital, Inc. (NYSE:MHH - Free Report) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 866,370 shares of the company's stock after purchasing an additional 4,180 shares during the quarter. Capital Management Corp VA owned 7.46% of Mastech Digital worth $7,797,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 18.43% of the company's stock.

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.