Mesa Air Group (NASDAQ:RJET) Stock Jumps 7.1% – Still a Buy?

Mesa Air Group, Inc. (NASDAQ:RJET) traded 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 changed hands during trading, a decline of 75% from the average session volume of 120,323 shares. The stock had previously closed at $19.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Mesa Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Mesa Air Group has an average rating of “Hold”.

Mesa Air Group Price Performance

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 $893.39 million, a P/E ratio of 6.52 and a beta of 1.74. The business’s fifty day moving average is $17.73 and its 200 day moving average is $18.83.

Mesa Air Group (NASDAQ:RJET) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.85 EPS for the quarter. Mesa Air Group had a return on equity of 10.02% and a net margin of 4.62%. The business had revenue of $553.50 million for the quarter. As a group, sell-side analysts anticipate that Mesa Air Group, Inc. will post 3.30 EPS 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.