Mesa Air Group (NASDAQ:RJET) Shares Break Above 200 Day Moving Average – Here’s Why

Mesa Air Group, Inc. (NASDAQ:RJET) shares passed 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 traded.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Mesa Air Group from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Mesa Air Group has an average rating of “Sell”.

Mesa Air Group Stock Performance

The business’s fifty day moving average is $17.69 and its two-hundred day moving average is $18.82. The stock has a market capitalization of $935.00 million, a PE ratio of 22.95 and a beta of 1.61. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 0.63.

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

Mesa Air Group Company Profile

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.