Mastech Digital (NYSE:MHH) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Mastech Digital (NYSE:MHH) from a buy rating to a hold rating in a report published on Wednesday morning.

Mastech Digital Price Performance

Shares of NYSE:MHH opened at $7.18 on Wednesday. The firm has a fifty day moving average price of $7.74 and a two-hundred day moving average price of $9.23. Mastech Digital has a one year low of $6.75 and a one year high of $16.00. The company has a market cap of $84.47 million, a price-to-earnings ratio of 24.76, a PEG ratio of 0.79 and a beta of 0.81.

Mastech Digital (NYSE:MHH) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Mastech Digital had a net margin of 1.71% and a return on equity of 8.20%. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts expect that Mastech Digital will post 0.84 EPS for the current fiscal year.

Institutional Trading of Mastech Digital

Several institutional investors and hedge funds have recently made changes to their positions in MHH. Capital Management Corp VA raised its position in shares of Mastech Digital by 12.6% during the 1st quarter. Capital Management Corp VA now owns 772,541 shares of the company’s stock valued at $7,888,000 after buying an additional 86,290 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Mastech Digital by 39.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 195,264 shares of the company’s stock valued at $1,994,000 after buying an additional 54,766 shares in the last quarter. 683 Capital Management LLC purchased a new stake in shares of Mastech Digital during the 4th quarter valued at $353,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Mastech Digital during the 4th quarter valued at $267,000. Finally, Millennium Management LLC purchased a new stake in shares of Mastech Digital during the 4th quarter valued at $223,000. Hedge funds and other 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.