Mesa Air Group (NASDAQ:RJET) Shares Cross Above 200-Day Moving Average – Time to Sell?

Mesa Air Group, Inc. (NASDAQ:RJET)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $18.82 and traded as high as $20.62. Mesa Air Group shares last traded at $19.97, with a volume of 162,513 shares.

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.com, Mesa Air Group has a consensus rating of “Sell”.

Mesa Air Group Price Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.03. The company has a market cap of $935.00 million, a price-to-earnings ratio of 22.95 and a beta of 1.61. The company has a 50-day simple moving average of $17.69 and a 200-day simple moving average of $18.82.

Mesa Air Group (NASDAQ:RJET) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.85 EPS for the quarter. Mesa Air Group had a return on equity of 7.07% and a net margin of 2.96%. The business had revenue of $553.50 million for 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.