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The Automotive industry as a whole closed the day down 0.4% versus the S&P 500, which was down 0.5%. Laggards within the Automotive industry included

Miller Industries

(

MLR

), down 1.9%,

Stoneridge

(

SRI

), down 1.9%,

Accuride

(

ACW

), down 7.3%,

VOXX International

(

VOXX

), down 2.2% and

Lydall

(

LDL

), down 2.5%.

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

Accuride

(

ACW

) is one of the companies that pushed the Automotive industry lower today. Accuride was down $0.39 (7.3%) to $4.93 on heavy volume. Throughout the day, 250,535 shares of Accuride exchanged hands as compared to its average daily volume of 139,300 shares. The stock ranged in price between $4.82-$5.21 after having opened the day at $5.20 as compared to the previous trading day's close of $5.32.

Accuride Corporation, together with its subsidiaries, designs, manufactures, and distributes commercial vehicle components in North America. Its products include commercial vehicle wheels, wheel-end components and assemblies, and ductile and gray iron castings. Accuride has a market cap of $257.2 million and is part of the consumer goods sector. Shares are up 22.6% year-to-date as of the close of trading on Monday. Currently there are 3 analysts who rate Accuride a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates

Accuride

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins.

Highlights from TheStreet Ratings analysis on ACW go as follows:

  • The debt-to-equity ratio is very high at 4.93 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Even though the debt-to-equity ratio is weak, ACW's quick ratio is somewhat strong at 1.02, demonstrating the ability to handle short-term liquidity needs.
  • The gross profit margin for ACCURIDE CORP is rather low; currently it is at 15.41%. Regardless of ACW's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 0.59% trails the industry average.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to the other companies in the Machinery industry and the overall market, ACCURIDE CORP's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • Looking at where the stock is today compared to one year ago, we find that it is higher, and it has outperformed the rise in the S&P 500 over the same period. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
  • ACCURIDE 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, ACCURIDE CORP continued to lose money by earning -$0.56 versus -$3.65 in the prior year. This year, the market expects an improvement in earnings ($0.02 versus -$0.56).

TheStreet Recommends

You can view the full analysis from the report here:

Accuride 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.

At the close,

Stoneridge

(

SRI

) was down $0.22 (1.9%) to $11.39 on light volume. Throughout the day, 42,599 shares of Stoneridge exchanged hands as compared to its average daily volume of 63,800 shares. The stock ranged in price between $11.25-$11.49 after having opened the day at $11.45 as compared to the previous trading day's close of $11.61.

Stoneridge, Inc. designs and manufactures electrical and electronic components, modules, and systems for the commercial vehicle, automotive, agricultural, motorcycle, and off-highway vehicle markets in North America, South America, and Europe. Stoneridge has a market cap of $326.0 million and is part of the consumer goods sector. Shares are down 9.7% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Stoneridge a buy, no analysts rate it a sell, and 4 rate it a hold.

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TheStreet Ratings rates

Stoneridge

as a

hold

. The company's strongest point has been its a solid financial position based on a variety of debt and liquidity measures that we have looked at. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on SRI go as follows:

  • SRI, with its decline in revenue, slightly underperformed the industry average of 0.7%. Since the same quarter one year prior, revenues slightly dropped by 1.4%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • In its most recent trading session, SRI has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. Looking ahead, our view is that this company's fundamentals will not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
  • STONERIDGE INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, STONERIDGE INC swung to a loss, reporting -$1.41 versus $0.70 in the prior year. This year, the market expects an improvement in earnings ($0.93 versus -$1.41).
  • Net operating cash flow has declined marginally to $20.66 million or 2.72% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, STONERIDGE INC has marginally lower results.
  • 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 Auto Components industry. The net income has significantly decreased by 13116.7% when compared to the same quarter one year ago, falling from $0.20 million to -$26.55 million.

You can view the full analysis from the report here:

Stoneridge 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.

Miller Industries

(

MLR

) was another company that pushed the Automotive industry lower today. Miller Industries was down $0.42 (1.9%) to $22.00 on light volume. Throughout the day, 7,092 shares of Miller Industries exchanged hands as compared to its average daily volume of 28,600 shares. The stock ranged in price between $21.92-$22.39 after having opened the day at $22.39 as compared to the previous trading day's close of $22.42.

Miller Industries, Inc. manufactures and sells vehicle towing and recovery equipment. Miller Industries has a market cap of $250.4 million and is part of the consumer goods sector. Shares are up 7.8% year-to-date as of the close of trading on Monday.

TheStreet Ratings rates

Miller Industries

as a

buy

. 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, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

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Highlights from TheStreet Ratings analysis on MLR go as follows:

  • The revenue growth came in higher than the industry average of 1.4%. Since the same quarter one year prior, revenues rose by 12.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • MLR has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, MLR has a quick ratio of 1.63, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • 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 33.3% when compared to the same quarter one year prior, rising from $2.62 million to $3.49 million.
  • Net operating cash flow has significantly increased by 248.33% to $1.16 million when compared to the same quarter last year. In addition, MILLER INDUSTRIES INC/TN has also vastly surpassed the industry average cash flow growth rate of -12.41%.

You can view the full analysis from the report here:

Miller Industries 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.