The company, which manufactures hermetically sealed compressors for residential and specialty air conditioning and other household and commercial appliances, announced a net loss of -$11.1 million, or 60 cents per share, compared to a net loss of -$8.4 million, or 45 cents per share from the year ago quarter.
TheStreet Ratings team rates TECUMSEH PRODUCTS CO as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TECUMSEH PRODUCTS CO (TECU) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself."