Mesa Air Group (NASDAQ:RJET) Stock Jumps 3.1% – Here’s What Happened

Shares of Mesa Air Group, Inc. (NASDAQ:RJET) were up 3.1% during mid-day trading on Tuesday. The company traded as high as $17.75 and last traded at $17.59. 62,612 shares traded hands during trading, a decline of 25% from the average session volume of 83,695 shares. The stock had previously closed at $17.06.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Mesa Air Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mesa Air Group presently has an average rating of “Hold”.

Mesa Air Group Price Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.03. The business has a 50 day simple moving average of $18.82 and a 200-day simple moving average of $19.07. The firm has a market cap of $810.45 million, a price-to-earnings ratio of 19.90 and a beta of 1.61.

Mesa Air Group (NASDAQ:RJET) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.89 EPS for the quarter. Mesa Air Group had a return on equity of 7.07% and a net margin of 2.96%.The firm had revenue of $571.10 million during the quarter.

Mesa Air Group Company Profile

Mesa Air Group, Inc is an aviation holding company that operates regional passenger air services through its subsidiary, Mesa Airlines. The company provides scheduled flights under agreements with major U.S. network carriers, allowing passengers to connect smaller communities with larger airline hubs.

Mesa Airlines has historically operated flights under the United Express and American Eagle brands. Its services have primarily covered domestic markets in the United States, with routes and fleet deployment shaped by its capacity-purchase agreements with partner airlines.