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3 Stocks Pushing The Industrial Goods Sector 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 Industrial Goods sector as a whole was unchanged today versus the S&P 500, which was down 0.6%. Laggards within the Industrial Goods sector included China Ceramics ( CCCL), down 23.0%, Global-Tech Advanced Innovations ( GAI), down 5.0%, Micronet Enertec Technologies ( MICT), down 9.9%, Guanwei Recycling ( GPRC), down 22.8% and TAT Technologies ( TATT), down 2.1%.

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

Harsco ( HSC) is one of the companies that pushed the Industrial Goods sector lower today. Harsco was down $1.74 (6.8%) to $23.91 on heavy volume. Throughout the day, 1,068,666 shares of Harsco exchanged hands as compared to its average daily volume of 527,500 shares. The stock ranged in price between $19.26-$24.66 after having opened the day at $19.26 as compared to the previous trading day's close of $25.65.

Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals and Minerals, Harsco Rail, and Harsco Industrial. Harsco has a market cap of $2.0 billion and is part of the metals & mining industry. Shares are down 8.5% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Harsco a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Harsco as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on HSC go as follows:

  • HARSCO CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, HARSCO CORP continued to lose money by earning -$2.81 versus -$3.15 in the prior year. This year, the market expects an improvement in earnings ($1.05 versus -$2.81).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 53.7% when compared to the same quarter one year prior, rising from $7.25 million to $11.14 million.
  • HSC, with its decline in revenue, underperformed when compared the industry average of 4.7%. Since the same quarter one year prior, revenues fell by 28.3%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • 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. Compared to other companies in the Machinery industry and the overall market, HARSCO CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for HARSCO CORP is currently lower than what is desirable, coming in at 28.79%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 2.17% trails that of the industry average.

You can view the full analysis from the report here: Harsco 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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