Mesa Air Group (NASDAQ:RJET) Trading 6.5% Higher – Here’s What Happened

Posted by Geri Gentry on Jul 24th, 2026

Shares of Mesa Air Group, Inc. (NASDAQ:RJET – Get Free Report) were up 6.5% during mid-day trading on Friday . The stock traded as high as $17.40 and last traded at $17.40. Approximately 52,348 shares changed hands during trading, a decline of 62% from the average session volume of 138,242 shares. The stock had previously closed at $16.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Mesa Air Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Research Report on Mesa Air Group

Mesa Air Group Stock Performance

The stock has a 50-day moving average of $19.29 and a 200-day moving average of $19.09. The firm has a market cap of $814.84 million, a price-to-earnings ratio of 18.51 and a beta of 1.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.75 and a current ratio of 0.94.

Mesa Air Group (NASDAQ:RJET – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share for the quarter. The firm had revenue of $527.40 million during the quarter. Mesa Air Group had a return on equity of 6.13% and a net margin of 3.29%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mesa Air Group stock. Par Capital Management Inc. purchased a new stake in Mesa Air Group, Inc. (NASDAQ:RJET – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,248,190 shares of the company’s stock, valued at approximately $2,091,000. Par Capital Management Inc. owned about 5.37% of Mesa Air Group at the end of the most recent quarter. Institutional investors and hedge funds own 13.34% of the company’s stock.

Mesa Air Group Company Profile

(Get Free Report)

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.