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

Mesa Air Group, Inc. (NASDAQ:RJET)’s share price traded up 7.1% on Monday. The company traded as high as $20.88 and last traded at $20.70. 30,331 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 120,323 shares. The stock had previously closed at $19.32.

Analyst Ratings Changes

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

Mesa Air Group Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.07 and a quick ratio of 0.84. The firm has a 50-day moving average of $17.71 and a 200 day moving average of $18.82. The company has a market capitalization of $950.45 million, a PE ratio of 9.53 and a beta of 1.74.

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

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.