Mesa Air Group (NASDAQ:MESA) Trading Up 0.9%

Mesa Air Group, Inc. (NASDAQ:MESA)’s stock price rose 0.9% during trading on Wednesday . The company traded as high as $0.83 and last traded at $0.81. Approximately 88,119 shares changed hands during trading, a decline of 93% from the average daily volume of 1,347,364 shares. The stock had previously closed at $0.80.

Mesa Air Group Trading Down 1.7 %

The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 1.82. The stock has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $0.85. The firm has a market capitalization of $34.60 million, a P/E ratio of -0.28 and a beta of 2.98.

Mesa Air Group (NASDAQ:MESA) last posted its quarterly earnings results on Friday, January 26th. The company reported ($0.64) EPS for the quarter. Mesa Air Group had a negative net margin of 24.12% and a negative return on equity of 31.58%. The business had revenue of $114.37 million for the quarter.

Institutional Investors Weigh In On Mesa Air Group

Large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Mesa Air Group in the second quarter worth about $28,000. Two Sigma Securities LLC purchased a new position in Mesa Air Group in the second quarter worth about $35,000. Quadrature Capital Ltd purchased a new position in Mesa Air Group in the third quarter worth about $37,000. Tower Research Capital LLC TRC grew its position in Mesa Air Group by 169.1% in the third quarter. Tower Research Capital LLC TRC now owns 22,428 shares of the company’s stock worth $37,000 after acquiring an additional 14,094 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Mesa Air Group in the first quarter worth about $43,000. 13.34% of the stock is owned by institutional investors.

Mesa Air Group Company Profile

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.