Mesa Air Group (NASDAQ:RJET) Stock Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Mesa Air Group, Inc. (NASDAQ:RJET)’s stock price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred 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 raised shares of Mesa Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold”.

Mesa Air Group Trading Down 3.3%

The company has a fifty day simple moving average of $17.71 and a two-hundred day simple moving average of $18.82. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.59. The company has a market cap of $904.56 million, a PE ratio of 9.07 and a beta of 1.61.

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