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.
The Materials & Construction industry as a whole closed the day down 0.8% versus the S&P 500, which was down 0.5%. Laggards within the Materials & Construction industry included
), down 1.5%,
), down 8.3%,
), down 8.4%,
), down 3.8% and
), down 1.6%.
TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:
) is one of the companies that pushed the Materials & Construction industry lower today. TRC Companies was down $0.32 (3.8%) to $8.13 on heavy volume. Throughout the day, 43,697 shares of TRC Companies exchanged hands as compared to its average daily volume of 20,400 shares. The stock ranged in price between $8.05-$8.40 after having opened the day at $8.40 as compared to the previous trading day's close of $8.45.
TRC Companies, Inc. provides engineering, consulting, and construction management services in the United States. TRC Companies has a market cap of $253.4 million and is part of the industrial goods sector. Shares are up 33.3% year-to-date as of the close of trading on Monday.
TheStreet Ratings rates
. 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, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Highlights from TheStreet Ratings analysis on TRR go as follows:
- The revenue growth came in higher than the industry average of 3.0%. Since the same quarter one year prior, revenues rose by 16.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- TRR's debt-to-equity ratio is very low at 0.03 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 1.49, which illustrates the ability to avoid short-term cash problems.
- Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- Net operating cash flow has significantly increased by 80.19% to -$1.29 million when compared to the same quarter last year. In addition, TRC COS INC has also vastly surpassed the industry average cash flow growth rate of -1.64%.
You can view the full analysis from the report here:
At the close,
) was down $0.10 (8.4%) to $1.09 on heavy volume. Throughout the day, 92,824 shares of China Ceramics exchanged hands as compared to its average daily volume of 28,100 shares. The stock ranged in price between $1.01-$1.20 after having opened the day at $1.13 as compared to the previous trading day's close of $1.19.
China Ceramics has a market cap of $21.2 million and is part of the industrial goods sector. Shares are up 28.4% year-to-date as of the close of trading on Monday.
) was another company that pushed the Materials & Construction industry lower today. India Globalization Capital was down $0.04 (8.3%) to $0.44 on light volume. Throughout the day, 24,153 shares of India Globalization Capital exchanged hands as compared to its average daily volume of 41,100 shares. The stock ranged in price between $0.43-$0.50 after having opened the day at $0.50 as compared to the previous trading day's close of $0.48.
India Globalization Capital has a market cap of $7.5 million and is part of the industrial goods sector. Shares are down 28.7% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate India Globalization Capital a buy, no analysts rate it a sell, and 1 rates it a hold.