The following ratings changes were generated on Tuesday, Feb. 3.
We've downgraded Cytec Industries(CYT Quote), a specialty chemicals and materials company, from hold to sell, driven by its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.
Net income decreased significantly, by 837%, compared with the year-ago quarter, underperforming both the S&P 500 and the chemicals industry. Return on equity also greatly decreased, a signal of major weakness within the corporation. Net operating cash flow fell 22.7% to $58.2 million. Cytec's 21.3% gross profit margin is rather low, having decreased from the year-ago quarter, and its net profit margin of -50.2% is significantly below the industry average. ...
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