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

StockNews.com initiated coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research note published on Tuesday morning. The brokerage issued a buy rating on the stock.

Mastech Digital Trading Down 0.4 %

NYSEAMERICAN:MHH opened at $8.86 on Tuesday. The company has a market cap of $102.95 million, a price-to-earnings ratio of -14.29, a P/E/G ratio of 0.87 and a beta of 0.52. Mastech Digital has a fifty-two week low of $7.50 and a fifty-two week high of $11.45.

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

Institutional Investors Weigh In On Mastech Digital

Large investors have recently made changes to their positions in the business. UBS Group AG increased its position in shares of Mastech Digital by 164.8% in the first quarter. UBS Group AG now owns 1,729 shares of the company’s stock worth $32,000 after acquiring an additional 1,076 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of Mastech Digital in the second quarter worth $113,000. Royal Bank of Canada increased its position in shares of Mastech Digital by 77.3% in the second quarter. Royal Bank of Canada now owns 11,446 shares of the company’s stock worth $114,000 after acquiring an additional 4,989 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Mastech Digital by 11.8% in the third quarter. HighTower Advisors LLC now owns 14,088 shares of the company’s stock worth $128,000 after acquiring an additional 1,487 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Mastech Digital by 38.1% in the second quarter. Envestnet Asset Management Inc. now owns 16,152 shares of the company’s stock worth $240,000 after acquiring an additional 4,457 shares in the last quarter. 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.