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The Basic Materials sector as a whole closed the day up 0.1% versus the S&P 500, which was down 0.1%. Laggards within the Basic Materials sector included Sonde Resources ( SOQ), down 5.9%, Sinocoking Coal and Coke Chemicals ( SCOK), down 1.7%, Barnwell Industries ( BRN), down 1.6%, Ossen Innovation ( OSN), down 2.9% and Timberline Resources ( TLR), down 2.1%.

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

Ossen Innovation ( OSN) is one of the companies that pushed the Basic Materials sector lower today. Ossen Innovation was down $0.03 (2.9%) to $0.88 on heavy volume. Throughout the day, 46,362 shares of Ossen Innovation exchanged hands as compared to its average daily volume of 25,100 shares. The stock ranged in price between $0.86-$0.97 after having opened the day at $0.94 as compared to the previous trading day's close of $0.91.

Ossen Innovation Co., Ltd. engages in the manufacture and sale of plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China. Ossen Innovation has a market cap of $17.5 million and is part of the metals & mining industry. Shares are down 23.4% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Ossen Innovation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.

Highlights from TheStreet Ratings analysis on OSN go as follows:

  • OSN's very impressive revenue growth greatly exceeded the industry average of 4.1%. Since the same quarter one year prior, revenues leaped by 53.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Compared to its closing price of one year ago, OSN's share price has jumped by 29.83%, exceeding the performance of the broader market during that same time frame. 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 gross profit margin for OSSEN INNOVATION CO LTD -ADR is currently extremely low, coming in at 8.24%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 2.82% significantly trails the industry average.
  • Net operating cash flow has significantly decreased to -$7.97 million or 288.74% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

You can view the full analysis from the report here: Ossen Innovation Ratings Report

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At the close, Sinocoking Coal and Coke Chemicals ( SCOK) was down $0.02 (1.7%) to $0.97 on average volume. Throughout the day, 22,524 shares of Sinocoking Coal and Coke Chemicals exchanged hands as compared to its average daily volume of 17,400 shares. The stock ranged in price between $0.96-$1.00 after having opened the day at $0.99 as compared to the previous trading day's close of $0.99.

SinoCoking Coal and Coke Chemical Industries, Inc. operates as a coal and coke producer in the People's Republic of China. Its products include raw coal, washed coal, medium or mid-coal, coal slurries, coke, coal tar, and crude benzol. It provides metallurgical coke for steel manufacturing. Sinocoking Coal and Coke Chemicals has a market cap of $20.1 million and is part of the metals & mining industry. Shares are down 18.1% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Sinocoking Coal and Coke Chemicals as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

Highlights from TheStreet Ratings analysis on SCOK go as follows:

  • The current debt-to-equity ratio, 0.39, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, SCOK has a quick ratio of 2.19, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The revenue fell significantly faster than the industry average of 3.1%. Since the same quarter one year prior, revenues fell by 37.8%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The gross profit margin for SINOCOKING COAL & COKE CHEM is rather low; currently it is at 17.94%. Regardless of SCOK'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 -0.81% trails the industry average.
  • SINOCOKING COAL & COKE CHEM 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. During the past fiscal year, SINOCOKING COAL & COKE CHEM reported lower earnings of $0.05 versus $0.59 in the prior year.
  • 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 Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 112.9% when compared to the same quarter one year ago, falling from $0.83 million to -$0.11 million.

You can view the full analysis from the report here: Sinocoking Coal and Coke Chemicals Ratings Report

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Sonde Resources ( SOQ) was another company that pushed the Basic Materials sector lower today. Sonde Resources was down $0.02 (5.9%) to $0.32 on light volume. Throughout the day, 6,883 shares of Sonde Resources exchanged hands as compared to its average daily volume of 30,200 shares. The stock ranged in price between $0.32-$0.34 after having opened the day at $0.32 as compared to the previous trading day's close of $0.34.

Sonde Resources has a market cap of $19.5 million and is part of the metals & mining industry. Shares are down 49.6% year-to-date as of the close of trading on Monday.

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Highlights from TheStreet Ratings analysis on SOQ go as follows:

You can view the full analysis from the report here: Sonde Resources 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.