Mastech Digital Inc (NYSEAMERICAN: MHH) has reported E.P.S. of $0.12 for its second fiscal quarter (ending June 30) versus $-0.19 for the same period a year ago. This performance was $0.05 better than the consensus estimate of $0.08. E.P.S. were $-0.34 for the latest four quarters through June 30 versus $0.18 for the same period a year ago — a decline of -289%.
Recent Price Action
Mastech Digital Inc (NYSEAMERICAN: MHH) stock enjoyed a major increase of 12.2% on 8/7/24. The shares closed at $9.10. Moreover, trading volume in this advance was unusually high at 197% of normal. The stock has been weak relative to the market over the last nine months but has risen 10.8% during the last week.
Current PriceTarget Research Rating
MHH’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Mastech Digital has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Mastech Digital has a neutral Appreciation Score of 42 but a poor Power Rating of 20, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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