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3 Stocks Pushing The Electronics 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 Electronics industry as a whole closed the day up 0.3% versus the S&P 500, which was down 0.3%. Laggards within the Electronics industry included BTU International ( BTUI), down 10.0%, Nortech Systems ( NSYS), down 1.7%, Orbit International ( ORBT), down 1.7%, Pulse Electronics ( PULS), down 2.5% and LightPath Technologies ( LPTH), down 3.9%.

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

Pulse Electronics ( PULS) is one of the companies that pushed the Electronics industry lower today. Pulse Electronics was down $0.07 (2.5%) to $2.76 on light volume. Throughout the day, 7,943 shares of Pulse Electronics exchanged hands as compared to its average daily volume of 12,600 shares. The stock ranged in price between $2.76-$2.95 after having opened the day at $2.85 as compared to the previous trading day's close of $2.83.

Pulse Electronics Corporation produces and sells precision-engineered electronic components and modules. It operates in three segments: Network, Power, and Wireless. Pulse Electronics has a market cap of $48.9 million and is part of the technology sector. Shares are down 2.1% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates Pulse Electronics as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on PULS go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 27.1% when compared to the same quarter one year ago, falling from -$7.12 million to -$9.05 million.
  • The gross profit margin for PULSE ELECTRONICS CORP is rather low; currently it is at 23.67%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -11.07% is significantly below that of the industry average.
  • PULS has underperformed the S&P 500 Index, declining 13.34% from its price level of one year ago. 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.
  • PULS, with its decline in revenue, underperformed when compared the industry average of 9.4%. Since the same quarter one year prior, revenues slightly dropped by 3.7%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Net operating cash flow has slightly increased to -$2.59 million or 9.89% when compared to the same quarter last year. Despite an increase in cash flow of 9.89%, PULSE ELECTRONICS CORP is still growing at a significantly lower rate than the industry average of 72.71%.

You can view the full analysis from the report here: Pulse Electronics Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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