Nevsun Resources Ltd. Stock Downgraded (NSU)
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- NSU has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 13.76, which clearly demonstrates the ability to cover short-term cash needs.
- The gross profit margin for NEVSUN RESOURCES LTD is rather high; currently it is at 59.60%. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, NSU's net profit margin of 14.93% significantly outperformed against the industry.
- The share price of NEVSUN RESOURCES LTD has not done very well: it is down 23.59% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
- NEVSUN RESOURCES LTD has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Stable Earnings per share over the past year indicate the company has sound management over its earnings and share float. During the past fiscal year, NEVSUN RESOURCES LTD reported lower earnings of $0.71 versus $0.72 in the prior year.
-- Written by a member of TheStreet Ratings Staff
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