3 Stocks Pushing The Metals & Mining 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 Metals & Mining industry as a whole closed the day down 1.9% versus the S&P 500, which was down 0.3%. Laggards within the Metals & Mining industry included Atlatsa Resources ( ATL), down 1.9%, Entree Gold ( EGI), down 4.7%, Ossen Innovation ( OSN), down 4.4%, Minco Gold ( MGH), down 5.0% and Oxford Resource Partners ( OXF), down 4.2%.

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

Ossen Innovation ( OSN) is one of the companies that pushed the Metals & Mining industry lower today. Ossen Innovation was down $0.04 (4.4%) to $0.86 on average volume. Throughout the day, 28,019 shares of Ossen Innovation exchanged hands as compared to its average daily volume of 21,700 shares. The stock ranged in price between $0.85-$0.90 after having opened the day at $0.85 as compared to the previous trading day's close of $0.90.

Ossen Innovation Co., Ltd. manufactures and sells various 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 $17.3 million and is part of the basic materials sector. Shares are down 24.4% year-to-date as of the close of trading on Friday.

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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 compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including 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 0.6%. Since the same quarter one year prior, revenues leaped by 92.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • This stock has managed to rise its share value by 27.95% over the past twelve months. 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 10.81%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 1.71% significantly trails the industry average.
  • Net operating cash flow has significantly decreased to -$1.13 million or 112.47% 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, Entree Gold ( EGI) was down $0.01 (4.7%) to $0.27 on heavy volume. Throughout the day, 140,343 shares of Entree Gold exchanged hands as compared to its average daily volume of 69,100 shares. The stock ranged in price between $0.25-$0.27 after having opened the day at $0.26 as compared to the previous trading day's close of $0.28.

Entree Gold has a market cap of $39.7 million and is part of the basic materials sector. Shares are down 0.4% year-to-date as of the close of trading on Friday.

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Atlatsa Resources ( ATL) was another company that pushed the Metals & Mining industry lower today. Atlatsa Resources was down $0.01 (1.9%) to $0.34 on light volume. Throughout the day, 11,002 shares of Atlatsa Resources exchanged hands as compared to its average daily volume of 47,500 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.

Atlatsa Resources Corporation mines, explores for, and develops platinum group metals properties in South Africa. The company primarily explores for platinum, palladium, rhodium, gold, copper, and nickel. Atlatsa Resources has a market cap of $185.7 million and is part of the basic materials sector. Shares are down 41.7% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Atlatsa Resources a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Atlatsa Resources as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

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Highlights from TheStreet Ratings analysis on ATL go as follows:

  • Compared to other companies in the Metals & Mining industry and the overall market, ATLATSA RESOURCES CORP's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • The revenue growth came in higher than the industry average of 0.6%. Since the same quarter one year prior, revenues rose by 20.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • 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.
  • 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 24.9% when compared to the same quarter one year prior, going from -$9.29 million to -$6.97 million.
  • The gross profit margin for ATLATSA RESOURCES CORP is currently extremely low, coming in at 4.14%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -11.90% is significantly below that of the industry average.

You can view the full analysis from the report here: Atlatsa 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.

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