Mesa Air Group (NASDAQ:RJET) Shares Up 3.1% – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Mesa Air Group Stock Up 3.1%

The company has a market capitalization of $823.56 million, a price-to-earnings ratio of 20.22 and a beta of 1.61. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $18.83 and a 200-day moving average price of $19.07.

Mesa Air Group (NASDAQ:RJET) last released its quarterly 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. Mesa Air Group had a net margin of 2.96% and a return on equity of 7.07%.

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.