Mesa Air Group, Inc. (NASDAQ:MESA - Get Free Report)'s stock price rose 3.1% during mid-day trading on Thursday . The stock traded as high as $1.35 and last traded at $1.35. Approximately 276,907 shares changed hands during trading, a decline of 37% from the average daily volume of 437,921 shares. The stock had previously closed at $1.31.
Mesa Air Group Stock Performance
The company has a 50-day moving average of $1.06 and a 200 day moving average of $1.22. The firm has a market capitalization of $56.19 million, a PE ratio of -0.59 and a beta of 3.08. The company has a quick ratio of 0.29, a current ratio of 0.45 and a debt-to-equity ratio of 2.13.
Mesa Air Group (NASDAQ:MESA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The company reported ($0.23) EPS for the quarter. Mesa Air Group had a negative return on equity of 32.45% and a negative net margin of 19.86%. The company had revenue of $110.79 million during the quarter.
Institutional Investors Weigh In On Mesa Air Group
A number of large investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Mesa Air Group by 47.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,535 shares of the company's stock valued at $44,000 after purchasing an additional 8,181 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Mesa Air Group by 69.9% in the second quarter. Renaissance Technologies LLC now owns 33,300 shares of the company's stock worth $57,000 after purchasing an additional 13,700 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC purchased a new stake in Mesa Air Group during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 13.34% of the company's stock.
Mesa Air Group Company Profile
(
Get Free Report)
Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. As of September 30, 2023, it operated a fleet of 80 aircraft with approximately 296 daily departures to 86 cities in the United States and Mexico.
See Also
Before you consider Mesa Air Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mesa Air Group wasn't on the list.
While Mesa Air Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
