Alert: New Earnings Report (10/31/18)-Mastech Digital Inc (NYSEAMERICAN: MHH).


Mastech Digital Inc (NYSEAMERICAN: MHH)



New Earnings Report

Mastech Digital Inc (NYSEAMERICAN: MHH) has reported earnings for its third fiscal quarter (ending September 30) of $0.15 versus a loss $-0.03 for the same period a year ago. ? E.P.S. were $0.61 for the latest four quarters through September 30 versus $0.30 for the same period a year ago — an increase of 103%.

Recent Price Action

On 10/31/18, Mastech Digital Inc (NYSEAMERICAN: MHH) stock suffered a very large decline of -5.8%, closing at $6.55. Moreover, above average trading volume at 126% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.4% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, MHH is expected to continue to be a modest Value Eraser.

Mastech Digital has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mastech Digital has a very high Power Rating of 98 but a very low Appreciation Score of 9, leading to the Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 47332 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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