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 Basic Materials sector as a whole was unchanged today versus the S&P 500, which was up 0.1%. Laggards within the Basic Materials sector included Sonde Resources ( SOQ), down 2.1%, Pacific Booker Minerals ( PBM), down 3.3%, Ossen Innovation ( OSN), down 2.0%, Alderon Iron Ore ( AXX), down 9.8% and Entree Gold ( EGI), down 2.5%. TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today: Alderon Iron Ore ( AXX) is one of the companies that pushed the Basic Materials sector lower today. Alderon Iron Ore was down $0.14 (9.8%) to $1.29 on heavy volume. Throughout the day, 57,678 shares of Alderon Iron Ore exchanged hands as compared to its average daily volume of 26,100 shares. The stock ranged in price between $1.19-$1.42 after having opened the day at $1.42 as compared to the previous trading day's close of $1.43. Alderon Iron Ore has a market cap of $184.8 million and is part of the chemicals industry. Shares are down 9.6% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Alderon Iron Ore a buy, no analysts rate it a sell, and none rate it a hold. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
- Powered by its strong earnings growth of 100.00% and other important driving factors, this stock has surged by 27.16% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, OSSEN INNOVATION CO LTD -ADR has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
- The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Metals & Mining industry average, but is greater than that of the S&P 500. The net income increased by 126.3% when compared to the same quarter one year prior, rising from $0.74 million to $1.68 million.
- The gross profit margin for OSSEN INNOVATION CO LTD -ADR is currently extremely low, coming in at 12.87%. Regardless of OSN's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, OSN's net profit margin of 5.06% is significantly lower than the industry average.