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

Mesa Air Group, Inc. (NASDAQ:RJET) shares shot up 5.1% during mid-day trading on Tuesday. The company traded as high as $18.18 and last traded at $18.18. 79,454 shares changed hands during mid-day trading, The stock had previously closed at $17.30.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Mesa Air Group from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Mesa Air Group Stock Performance

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

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