Mesa Air Group (NASDAQ:RJET) Shares Down 1.1% – What’s Next?

Mesa Air Group, Inc. (NASDAQ:RJET) traded down 1.1% during trading on Tuesday . The stock traded as low as $17.28 and last traded at $17.44. Approximately 75,447 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 75,898 shares. The stock had previously closed at $17.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Mesa Air Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Mesa Air Group Price Performance

The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $816.54 million, a price-to-earnings ratio of 20.05 and a beta of 1.64. The company’s 50 day moving average is $18.81 and its 200-day moving average is $19.19.

Mesa Air Group (NASDAQ:RJET) last announced 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 for the quarter. Mesa Air Group had a return on equity of 7.07% and a net margin of 2.96%.

About Mesa Air Group

Mesa Air Group, Inc is a regional airline holding company whose principal subsidiary is Mesa Airlines, Inc Mesa Airlines provides scheduled passenger air service primarily under capacity-purchase agreements with major U.S. airlines. Its operations have historically been conducted under the American Eagle and United Express brands, connecting smaller and mid-sized communities with larger airline hubs.

The company operates regional aircraft and focuses on short- and medium-haul flights within the United States.