Mesa Air Group (NASDAQ:RJET) Shares Gap Down – Here’s What Happened

Mesa Air Group, Inc. (NASDAQ:RJET) gapped down before the market opened on Friday. The stock had previously closed at $21.34, but opened at $20.33. Mesa Air Group shares last traded at $20.33, with a volume of 732 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Mesa Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 29th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Mesa Air Group Price Performance

The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $941.54 million, a PE ratio of 9.46 and a beta of 1.74. The firm has a 50 day moving average price of $18.17 and a 200 day moving average price of $18.94.

Mesa Air Group (NASDAQ:RJET) last announced its earnings results on Thursday, October 29th. The company reported $0.85 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%. Research analysts anticipate that Mesa Air Group, Inc. will post 3.30 earnings per share for the current year.

About Mesa Air Group

Mesa Air Group is an aviation holding company whose principal business has been regional passenger airline service through its subsidiary, Mesa Airlines. Rather than primarily selling tickets under its own brand, Mesa Airlines has operated flights for larger network carriers under capacity-purchase agreements, connecting smaller and midsize communities with major airline hubs. Founded in 1980 in Farmington, New Mexico, Mesa built a regional network serving destinations across the United States. Its operations have included flights marketed under partner brands, including United Express.