Mesa Air Group (NASDAQ:RJET) Stock Price Up 7.1% – Here’s What Happened

Mesa Air Group, Inc. (NASDAQ:RJET)’s share price was up 7.1% during mid-day trading on Monday. The company traded as high as $20.88 and last traded at $20.70. 30,331 shares were traded during trading, a decline of 75% from the average session volume of 120,323 shares. The stock had previously closed at $19.32.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Mesa Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Mesa Air Group Stock Up 5.1%

The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.59. The company has a market cap of $950.45 million, a price-to-earnings ratio of 9.53 and a beta of 1.74. The business has a fifty day moving average price of $17.71 and a two-hundred day moving average price of $18.82.

Mesa Air Group (NASDAQ:RJET) last announced its earnings results on Thursday, October 29th. The company reported $0.85 EPS for the quarter. Mesa Air Group had a net margin of 4.62% and a return on equity of 10.02%. The firm had revenue of $553.50 million for the quarter. On average, equities analysts predict that Mesa Air Group, Inc. will post 3.30 earnings per share for the current year.

Mesa Air Group Company Profile

Mesa Air Group, Inc is a regional airline holding company whose principal operating subsidiary is Mesa Airlines, Inc Mesa Airlines provides scheduled passenger air service for major airline partners under capacity-purchase and code-sharing agreements. Its operations have primarily been conducted under the United Express brand, with the company also having operated flights for partners including American Airlines, US Airways and Delta Air Lines at various points in its history.

Based in Phoenix, Arizona, Mesa Airlines serves destinations across the United States and has historically operated regional jet aircraft, including Bombardier CRJ and Embraer E-Jet models.