Mesa Air Group (NASDAQ:RJET) Shares Down 1.1% – Here’s Why

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

Analysts Set New Price Targets

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

Mesa Air Group Stock Performance

The stock’s fifty day moving average price is $18.76 and its two-hundred day moving average price is $19.17. 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 $814.67 million, a P/E ratio of 20.00 and a beta of 1.64.

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

Mesa Air Group Company Profile

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.