Mastech Digital, Inc. (NYSE:MHH – Free Report) – Equities research analysts at Sidoti issued their FY2028 earnings per share estimates for shares of Mastech Digital in a report issued on Monday, November 2nd. Sidoti analyst M. Riddick expects that the company will earn $0.80 per share for the year. The consensus estimate for Mastech Digital’s current full-year earnings is $0.84 per share.
Mastech Digital Stock Down 0.5%
NYSE MHH opened at $6.23 on Thursday. The firm’s 50-day simple moving average is $6.94 and its two-hundred day simple moving average is $6.93. Mastech Digital has a 52 week low of $5.50 and a 52 week high of $8.37. The company has a market cap of $74.84 million, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85.
Insider Activity at Mastech Digital
In other Mastech Digital news, major shareholder Steven A. Shaw acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average cost of $7.47 per share, with a total value of $37,350.00. Following the acquisition, the insider owned 55,000 shares in the company, valued at approximately $410,850. This represents a 10.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 9,700 shares of company stock worth $67,376. Corporate insiders own 42.90% of the company’s stock.
Institutional Investors Weigh In On Mastech Digital
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Management Corp VA raised its holdings in Mastech Digital by 3.2% during the 3rd quarter. Capital Management Corp VA now owns 1,040,085 shares of the company’s stock valued at $7,281,000 after acquiring an additional 31,855 shares during the period. Blueprint Investment Partners LLC bought a new position in shares of Mastech Digital in the third quarter worth $350,000. Blueprint Financial Advisors LLC bought a new position in shares of Mastech Digital in the third quarter worth $350,000. Simplicity Wealth LLC bought a new position in shares of Mastech Digital in the third quarter worth $280,000. Finally, NewEdge Advisors LLC grew its position in shares of Mastech Digital by 144.9% in the second quarter. NewEdge Advisors LLC now owns 29,695 shares of the company’s stock valued at $230,000 after purchasing an additional 17,569 shares in the last quarter. Institutional investors own 18.43% of the company’s stock.
About Mastech Digital
Mastech Digital, Inc is a digital transformation and information technology services company headquartered in Pittsburgh, Pennsylvania. The company helps organizations use data, cloud technologies and modern software platforms to improve business operations and support digital initiatives.
Its services include data management and analytics, business intelligence, artificial intelligence and machine learning, cloud and application modernization, automation, and digital engineering. Through its Mastech Infotrellis business, the company has also provided consulting and implementation services focused on enterprise data management, data integration and analytics.
Mastech traces its history to 1986 and has served clients across industries including financial services, healthcare, manufacturing, retail and technology.
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