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

Stock analysts at StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a report issued on Sunday. The firm set a “buy” rating on the stock.

Mastech Digital Price Performance

Mastech Digital stock opened at $8.69 on Friday. Mastech Digital has a fifty-two week low of $7.50 and a fifty-two week high of $11.45. The firm has a market cap of $100.98 million, a price-to-earnings ratio of -14.02, a PEG ratio of 0.85 and a beta of 0.52.

Mastech Digital (NYSEAMERICAN:MHH) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Mastech Digital had a negative net margin of 3.55% and a positive return on equity of 3.45%. The business had revenue of $46.05 million during the quarter, compared to analyst estimates of $46.38 million. Equities analysts forecast that Mastech Digital will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Mastech Digital

Large investors have recently bought and sold shares of the stock. Access Investment Management LLC acquired a new position in shares of Mastech Digital during the fourth quarter worth approximately $1,042,000. Capital Management Corp VA increased its position in shares of Mastech Digital by 8.5% in the 4th quarter. Capital Management Corp VA now owns 862,190 shares of the company’s stock valued at $7,267,000 after buying an additional 67,731 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in Mastech Digital by 65.2% during the third quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock worth $285,000 after acquiring an additional 12,484 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Mastech Digital by 11.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after purchasing an additional 2,000 shares in the last quarter. 18.43% of the stock is currently owned by institutional investors.

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.