3 Stocks Pushing The Financial Services Industry Lower

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 Financial Services industry as a whole closed the day up 0.2% versus the S&P 500, which was up 0.4%. Laggards within the Financial Services industry included RENN Global Entrepreneurs Fund ( RCG), down 2.1%, LiqTech International ( LIQT), down 5.4%, Harris & Harris Group ( TINY), down 2.1%, RCS Capital ( RCAP), down 5.6% and QIWI ( QIWI), down 2.3%.

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

QIWI ( QIWI) is one of the companies that pushed the Financial Services industry lower today. QIWI was down $1.02 (2.3%) to $43.87 on average volume. Throughout the day, 646,469 shares of QIWI exchanged hands as compared to its average daily volume of 658,700 shares. The stock ranged in price between $42.76-$45.56 after having opened the day at $44.75 as compared to the previous trading day's close of $44.89.

QIWI has a market cap of $2.2 billion and is part of the financial sector. Shares are down 19.8% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate QIWI a buy, no analysts rate it a sell, and 1 rates it a hold.

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At the close, RCS Capital ( RCAP) was down $1.84 (5.6%) to $31.18 on average volume. Throughout the day, 63,858 shares of RCS Capital exchanged hands as compared to its average daily volume of 84,300 shares. The stock ranged in price between $30.07-$33.00 after having opened the day at $33.00 as compared to the previous trading day's close of $33.02.

RCS Capital has a market cap of $910.7 million and is part of the financial sector. Shares are up 80.0% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates RCS Capital a buy, no analysts rate it a sell, and none rate it a hold.

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Highlights from TheStreet Ratings analysis on RCAP go as follows:

You can view the full analysis from the report here: RCS Capital 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.

Harris & Harris Group ( TINY) was another company that pushed the Financial Services industry lower today. Harris & Harris Group was down $0.07 (2.1%) to $3.31 on light volume. Throughout the day, 75,420 shares of Harris & Harris Group exchanged hands as compared to its average daily volume of 147,500 shares. The stock ranged in price between $3.27-$3.41 after having opened the day at $3.35 as compared to the previous trading day's close of $3.38.

Harris & Harris Group, Inc. is a venture capital firm specializing in early stage investments. It is a BDC. Harris & Harris Group has a market cap of $106.4 million and is part of the financial sector. Shares are up 13.4% year-to-date as of the close of trading on Thursday.

TheStreet Ratings rates Harris & Harris Group as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that revenues have generally been declining.

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Highlights from TheStreet Ratings analysis on TINY go as follows:

  • HARRIS & HARRIS GROUP 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, HARRIS & HARRIS GROUP continued to lose money by earning -$0.26 versus -$0.64 in the prior year. This year, the market expects an improvement in earnings ($0.20 versus -$0.26).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Capital Markets industry. The net income increased by 61.3% when compared to the same quarter one year prior, rising from -$19.99 million to -$7.74 million.
  • Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
  • TINY, with its very weak revenue results, has greatly underperformed against the industry average of 5.1%. Since the same quarter one year prior, revenues plummeted by 120.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Capital Markets industry and the overall market, HARRIS & HARRIS GROUP's return on equity significantly trails that of both the industry average and the S&P 500.

You can view the full analysis from the report here: Harris & Harris Group 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.

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