Nyssa Corp. Reports Negative Financial Results for Q1 2024, Receives 'Sell' Rating

Nyssa Corporation, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO. According to the financial report, Nyssa Corp. has seen a negative performance in the quarter, with a score of -6 compared to 9 in the previous quarter. This decline can be attributed to various factors that are not working in the company's favor. One of the major concerns is the Profit After Tax (PAT) which has fallen to -0.93 crore, a decrease of 256.3% from the average PAT of the previous four quarters. This indicates a very negative trend in the near term for the company's profitability. The Operating Profit (PBDIT) for the quarter is also at its lowest in the last five quarters, standing at -1.33 crore. This shows a negative trend in the company's operating profit in the near term. Similarly, the Profit Before Tax less Other Income (PBT) is also at its lowest in the last five quarters, standing at -1.33 crore. This further reinforces the negative trend in the company's profitability. The Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, at -0.31. This indicates a declining profitability for the company, which may not be favorable for its shareholders. Overall, Nyssa Corporation's financial results for the quarter ending March 2024 have not been positive. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a cautious approach for investors.