Mesa Air Group (NASDAQ:RJET) Shares Gap Down – Time to Sell?

Mesa Air Group, Inc. (NASDAQ:RJET) shares gapped down before the market opened on Friday. The stock had previously closed at $21.34, but opened at $20.33. Mesa Air Group shares last traded at $20.33, with a volume of 732 shares.

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 report on Thursday, October 29th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Mesa Air Group currently has a consensus rating of “Hold”.

Mesa Air Group Price Performance

The firm has a market cap of $942.48 million, a P/E ratio of 9.46 and a beta of 1.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.07 and a quick ratio of 0.87. The stock’s 50-day simple moving average is $18.11 and its two-hundred day simple moving average is $18.93.

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

Mesa Air Group Company Profile

Mesa Air Group is an aviation holding company whose principal business has been regional passenger airline service through its subsidiary, Mesa Airlines. Rather than primarily selling tickets under its own brand, Mesa Airlines has operated flights for larger network carriers under capacity-purchase agreements, connecting smaller and midsize communities with major airline hubs. Founded in 1980 in Farmington, New Mexico, Mesa built a regional network serving destinations across the United States. Its operations have included flights marketed under partner brands, including United Express.