Mesa Air Group (NASDAQ:RJET) Stock Price Up 5.1% – Time to Buy?

Mesa Air Group, Inc. (NASDAQ:RJET) shares rose 5.1% during trading on Tuesday. The stock traded as high as $18.18 and last traded at $18.18. 79,454 shares were traded during trading, The stock had previously closed at $17.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Mesa Air Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Mesa Air Group Price Performance

The stock’s 50-day moving average is $17.71 and its 200 day moving average is $18.82.

Mesa Air Group (NASDAQ:RJET) last released its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $571.10 million for the quarter.

About Mesa Air Group

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.