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3 Stocks Pushing The Consumer 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 Consumer Goods sector as a whole was unchanged today versus the S&P 500, which was unchanged. Laggards within the Consumer Goods sector included Entertainment Gaming Asia ( EGT), down 3.7%, CTI Industries ( CTIB), down 2.2%, China Shengda Packaging Group ( CPGI), down 3.4%, Global-Tech Advanced Innovations ( GAI), down 2.2% and Ocean Bio-Chem ( OBCI), down 3.4%.

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

China Shengda Packaging Group ( CPGI) is one of the companies that pushed the Consumer Goods sector lower today. China Shengda Packaging Group was down $0.03 (3.4%) to $0.92 on average volume. Throughout the day, 10,875 shares of China Shengda Packaging Group exchanged hands as compared to its average daily volume of 13,300 shares. The stock ranged in price between $0.92-$0.92 after having opened the day at $0.92 as compared to the previous trading day's close of $0.95.

China Shengda Packaging Group Inc., a paper packaging company, designs, manufactures, and sells flexo-printed and color-printed corrugated paper cartons of various sizes and strengths primarily in the People's Republic of China. China Shengda Packaging Group has a market cap of $34.9 million and is part of the consumer durables industry. Shares are up 11.8% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates China Shengda Packaging Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

Highlights from TheStreet Ratings analysis on CPGI go as follows:

  • The revenue growth came in higher than the industry average of 7.2%. Since the same quarter one year prior, revenues rose by 19.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • CPGI's debt-to-equity ratio is very low at 0.22 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.16, which illustrates the ability to avoid short-term cash problems.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Containers & Packaging industry and the overall market, CHINA SHENGDA PACKAGING GP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for CHINA SHENGDA PACKAGING GP is rather low; currently it is at 19.13%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -1.66% trails that of the industry average.

You can view the full analysis from the report here: China Shengda Packaging Group 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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