John J. Cronin Sells 26,000 Shares of Mastech Digital Inc (NYSEAMERICAN:MHH) Stock

Mastech Digital Inc (NYSEAMERICAN:MHH) CFO John J. Cronin sold 26,000 shares of the business’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $17.01, for a total transaction of $442,260.00. Following the completion of the sale, the chief financial officer now owns 21,509 shares of the company’s stock, valued at $365,868.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Mastech Digital traded up $0.30, reaching $15.99, on Thursday, MarketBeat reports. The stock had a trading volume of 10,100 shares, compared to its average volume of 22,247. Mastech Digital Inc has a fifty-two week low of $6.13 and a fifty-two week high of $18.42.

Mastech Digital (NYSEAMERICAN:MHH) last released its earnings results on Thursday, April 26th. The company reported $0.35 EPS for the quarter. The firm had revenue of $43.33 million during the quarter. Mastech Digital had a net margin of 3.06% and a return on equity of 18.63%.

Separately, TheStreet upgraded shares of Mastech Digital from a “c” rating to a “b-” rating in a research note on Friday, April 27th.

A number of large investors have recently added to or reduced their stakes in MHH. Wells Fargo & Company MN acquired a new position in Mastech Digital during the 3rd quarter valued at $281,000. Renaissance Technologies LLC increased its holdings in Mastech Digital by 80.9% in the 4th quarter. Renaissance Technologies LLC now owns 26,300 shares of the company’s stock valued at $265,000 after buying an additional 11,759 shares during the period. Finally, Deutsche Bank AG increased its holdings in Mastech Digital by 59.9% in the 4th quarter. Deutsche Bank AG now owns 18,292 shares of the company’s stock valued at $184,000 after buying an additional 6,851 shares during the period.

About Mastech Digital

Mastech Digital, Inc provides digital transformation IT services to large and medium-sized organizations in the United States. It operates through two segments, Data and Analytics Services, and IT Staffing Services. The company 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.

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Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust.  In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours.  According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days.   Amazon’s audit  In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved.  Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books.   Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.
Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

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