The share price of Mastech Holdings (NYSEMKT:MHH) almost doubled in 2012. It more than tripled in 2013. Straight to the point, no, it's not likely to quadruple in 2014.
Mastech Holdings provides information technology (NYSE:IT) staffing services - practically exclusively. Of its revenue, over 99% comes from temporary contract staffing with the remainder coming from placement fees. In its recent history, Mastech focused its efforts in the IT field.
HistoryIn 2008, Mastech Holdings was split off from iGate (NASDAQ:IGTE), an IT outsourcing company. At the time, Mastech had brokerage operations, IT, and healthcare consultants. In January, 2010, Mastech sold off the brokerage operations business and bought Curastat, a specialized healthcare staffing company. In...
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