Shares of Mesa Air Group, Inc. (NASDAQ:MESA – Get Free Report) traded down 6.5% during trading on Friday . The stock traded as low as $1.15 and last traded at $1.15. 124,447 shares were traded during trading, a decline of 50% from the average session volume of 247,487 shares. The stock had previously closed at $1.23.
Mesa Air Group Stock Performance
The stock has a market cap of $47.51 million, a P/E ratio of -0.50 and a beta of 3.09. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.45 and a quick ratio of 0.29. The stock’s 50 day simple moving average is $1.24 and its two-hundred day simple moving average is $1.15.
Institutional Investors Weigh In On Mesa Air Group
Several institutional investors have recently added to or reduced their stakes in MESA. Millennium Management LLC acquired a new stake in shares of Mesa Air Group in the 4th quarter valued at about $25,000. Raymond James Financial Inc. acquired a new stake in Mesa Air Group in the 4th quarter valued at approximately $44,000. Federated Hermes Inc. raised its position in Mesa Air Group by 64.9% in the 4th quarter. Federated Hermes Inc. now owns 65,352 shares of the company’s stock valued at $76,000 after buying an additional 25,715 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Mesa Air Group by 50.4% in the 4th quarter. Renaissance Technologies LLC now owns 82,414 shares of the company’s stock valued at $96,000 after acquiring an additional 27,614 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Mesa Air Group during the 4th quarter worth approximately $117,000. 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.
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