Mastech Digital (NYSEAMERICAN:MHH) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

Mastech Digital Stock Performance

NYSEAMERICAN MHH opened at $8.92 on Tuesday. Mastech Digital has a 1 year low of $7.50 and a 1 year high of $11.45. The firm has a market capitalization of $103.59 million, a P/E ratio of -14.38, a PEG ratio of 0.86 and a beta of 0.52.

Mastech Digital (NYSEAMERICAN:MHH) last released its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. Mastech Digital had a positive return on equity of 3.45% and a negative net margin of 3.55%. The firm had revenue of $46.05 million for the quarter, compared to the consensus estimate of $46.38 million. On average, analysts expect that Mastech Digital will post 0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mastech Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHH. UBS Group AG grew its position in shares of Mastech Digital by 164.8% during the 1st quarter. UBS Group AG now owns 1,729 shares of the company’s stock valued at $32,000 after acquiring an additional 1,076 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Mastech Digital during the 2nd quarter valued at about $113,000. Royal Bank of Canada grew its position in shares of Mastech Digital by 77.3% during the 2nd quarter. Royal Bank of Canada now owns 11,446 shares of the company’s stock valued at $114,000 after acquiring an additional 4,989 shares during the period. HighTower Advisors LLC grew its position in shares of Mastech Digital by 11.8% during the 3rd quarter. HighTower Advisors LLC now owns 14,088 shares of the company’s stock valued at $128,000 after acquiring an additional 1,487 shares during the period. Finally, Northern Trust Corp acquired a new stake in shares of Mastech Digital during the 4th quarter valued at about $153,000. 18.43% of the stock is owned by institutional investors and hedge funds.

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.