Mastech Digital (NYSE:MHH) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Mastech Digital (NYSE:MHH) in a research report report published on Saturday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Stock Performance

NYSE MHH opened at $10.02 on Friday. The company has a market cap of $116.57 million, a P/E ratio of -15.42, a P/E/G ratio of 1.27 and a beta of 0.47. The business’s 50 day moving average price is $9.92 and its 200-day moving average price is $9.59. Mastech Digital has a fifty-two week low of $7.15 and a fifty-two week high of $10.90.

Mastech Digital (NYSE:MHH) last released its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.11. The firm had revenue of $49.53 million for the quarter, compared to the consensus estimate of $48.10 million. Mastech Digital had a positive return on equity of 4.53% and a negative net margin of 2.10%. As a group, equities analysts predict that Mastech Digital will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mastech Digital stock. Dimensional Fund Advisors LP boosted its stake in shares of Mastech Digital, Inc. (NYSE:MHH) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 227,350 shares of the company’s stock after buying an additional 5,236 shares during the period. Dimensional Fund Advisors LP owned 1.95% of Mastech Digital worth $1,705,000 at the end of the most recent quarter. Institutional investors own 18.43% of the company’s stock.

About Mastech Digital

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.