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3 Stocks Pushing The Automotive Industry Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Automotive industry as a whole closed the day down 1.1% versus the S&P 500, which was down 0.9%. Laggards within the Automotive industry included Supreme Industries ( STS), down 3.7%, Stoneridge ( SRI), down 3.3%, Remy International ( REMY), down 2.6%, Shiloh Industries ( SHLO), down 3.0% and Westport Innovations ( WPRT), down 2.4%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Remy International ( REMY) is one of the companies that pushed the Automotive industry lower today. Remy International was down $0.63 (2.6%) to $23.27 on average volume. Throughout the day, 64,352 shares of Remy International exchanged hands as compared to its average daily volume of 63,300 shares. The stock ranged in price between $22.90-$23.67 after having opened the day at $23.67 as compared to the previous trading day's close of $23.90.

Remy International, Inc. designs, manufactures, remanufactures, markets, and distributes rotating electrical components for automobiles, light trucks, heavy-duty trucks, and other vehicles primarily in North America, Europe, Latin America, and the Asia-Pacific. Remy International has a market cap of $786.8 million and is part of the consumer goods sector. Shares are up 2.5% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Remy International a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Remy International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on REMY go as follows:

  • REMY's revenue growth has slightly outpaced the industry average of 3.5%. Since the same quarter one year prior, revenues slightly increased by 6.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 650.00% and other important driving factors, this stock has surged by 35.20% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • Net operating cash flow has increased to -$9.16 million or 43.92% when compared to the same quarter last year. Despite an increase in cash flow of 43.92%, REMY INTERNATIONAL INC is still growing at a significantly lower rate than the industry average of 135.22%.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. In comparison to the other companies in the Auto Components industry and the overall market, REMY INTERNATIONAL INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • The gross profit margin for REMY INTERNATIONAL INC is rather low; currently it is at 21.86%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 3.15% trails that of the industry average.

You can view the full analysis from the report here: Remy International Ratings Report

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