Mastech Digital Drops by 0.8%
In midday trading on Monday, Mastech Digital’s stock decreased by $0.07 to close at $8.80. The amount of shares traded was 1,391, as opposed to the average volume of 5,391 shares of the company’s stock. With a $102.26 million market capitalization, the company has a beta of 0.52; its PE ratio is -14.19, its PEG ratio is 0.86. The fifty-two-week low and high for Mastech Digital are $7.50 and $11.45, respectively.
On February 7th, Wednesday, Mastech Digital (NYSEAMERICAN:MHH – Get Free Report) released its most recent quarterly earnings report. The company exceeded the $0.03 consensus estimate by $0.04 when it reported $0.07 EPS for the quarter. During the quarter, the company’s revenue came in at $46.05 million instead of the $46.38 million people had predicted. With a negative net margin of 3.55%, Mastech Digital had a positive 3.45% return on equity. For the current fiscal year, analysts forecast Mastech Digital to report 0.51 EPS.
A Look at Mastech Digital From Hedge Funds
The stock is now owned by hedge funds in a different configuration. The third quarter saw an 11.8% increase in Janney Montgomery Scott LLC’s holdings in Mastech Digital. With the acquisition of 2,000 more shares during the period, Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock, valued at $171,000. The third quarter saw a 3.0% increase in Capital Management Corp VA’s holdings in Mastech Digital.
After acquiring 23,325 more shares during the period, Capital Management Corp VA now owns 794,459 shares of the company’s stock, valued at $7,150,000. During the third quarter, Mastech Digital was added to Anchor Capital Advisors LLC’s portfolio by 65.2%. After acquiring 12,484 more shares during the period, Anchor Capital Advisors LLC now has 31,635 shares of the company’s stock valued at $285,000. Lastly, Access Investment Management LLC invested a total of approximately $1,042,000 in a new position in Mastech Digital during the fourth quarter. 18.43% of the company’s stock is held by institutional investors.
Company Overview of Mastech Digital
Large, medium-sized, and small businesses in the US can obtain digital transformation IT services from Mastech Digital, Inc. and its subsidiaries. The business is divided into two segments: IT Staffing Services and Data and Analytics Services. Using both on-site and offshore resources, it provides data management and analytics services, including project-based consulting services in the fields of big data and analytics, enterprise data integration, digital transformation, and master data management.