Mesa Air Group (NASDAQ:RJET) Shares Down 3% – Should You Sell?

Mesa Air Group, Inc. (NASDAQ:RJET) shares fell 3% during trading on Thursday . The stock traded as low as $18.16 and last traded at $18.56. Approximately 97,397 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 112,766 shares. The stock had previously closed at $19.13.

Analyst Ratings Changes

Separately, Weiss Ratings raised Mesa Air Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Mesa Air Group Stock Performance

The business has a 50-day moving average price of $19.28 and a 200-day moving average price of $19.35. 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 firm has a market capitalization of $877.88 million, a price-to-earnings ratio of 21.55 and a beta of 1.64.

Mesa Air Group (NASDAQ:RJET) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter. Mesa Air Group had a return on equity of 7.07% and a net margin of 2.96%.The firm had revenue of $571.10 million during the quarter.

Institutional Investors Weigh In On Mesa Air Group

An institutional investor recently bought a new position in Mesa Air Group stock. Geode Capital Management LLC acquired a new stake in shares of Mesa Air Group, Inc. (NASDAQ:RJET) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,061 shares of the company’s stock, valued at approximately $442,000. Geode Capital Management LLC owned approximately 0.09% of Mesa Air Group as of its most recent SEC filing. Institutional investors and hedge funds own 13.34% of the company’s stock.

Mesa Air Group Company Profile

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.