Capital Management Corp VA lessened its position in shares of Mastech Digital, Inc. (NYSE:MHH - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 836,224 shares of the company's stock after selling 53,876 shares during the quarter. Mastech Digital comprises 1.5% of Capital Management Corp VA's holdings, making the stock its 29th biggest position. Capital Management Corp VA owned 7.19% of Mastech Digital worth $8,362,000 at the end of the most recent reporting period.
Separately, Dimensional Fund Advisors LP raised its stake in shares of Mastech Digital by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company's stock worth $1,705,000 after acquiring an additional 5,236 shares in the last quarter. Institutional investors own 18.43% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Mastech Digital in a research note on Sunday. They set a "buy" rating for the company.
Read Our Latest Analysis on Mastech Digital
Mastech Digital Price Performance
NYSE:MHH traded up $0.16 during trading hours on Tuesday, hitting $10.31. 8,900 shares of the company were exchanged, compared to its average volume of 7,970. The stock has a market capitalization of $120.42 million, a price-to-earnings ratio of -30.32, a PEG ratio of 1.26 and a beta of 0.46. Mastech Digital, Inc. has a 52-week low of $7.15 and a 52-week high of $10.90. The company's 50 day moving average price is $9.93 and its 200-day moving average price is $9.69.
Mastech Digital (NYSE:MHH - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.11. The company had revenue of $49.53 million for the quarter, compared to the consensus estimate 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 predict that Mastech Digital, Inc. will post 0.39 earnings per share for the current year.
About Mastech Digital
(
Free Report)
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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