3 Stocks Pushing The Automotive Industry Lower

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The Automotive industry as a whole closed the day down 1.5% versus the S&P 500, which was down 1.6%. Laggards within the Automotive industry included Marine Products ( MPX), down 5.7%, Sypris Solutions ( SYPR), down 2.8%, Shiloh Industries ( SHLO), down 3.6%, Spartan Motors ( SPAR), down 3.2% and Remy International ( REMY), down 1.6%.

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

Shiloh Industries ( SHLO) is one of the companies that pushed the Automotive industry lower today. Shiloh Industries was down $0.64 (3.6%) to $16.98 on light volume. Throughout the day, 25,633 shares of Shiloh Industries exchanged hands as compared to its average daily volume of 41,500 shares. The stock ranged in price between $16.83-$17.61 after having opened the day at $17.61 as compared to the previous trading day's close of $17.62.

Shiloh Industries, Inc., together with its subsidiaries, provides light weighting, as well as noise, vibration, and harshness solutions to automotive, commercial vehicle, and other industrial markets. Shiloh Industries has a market cap of $309.2 million and is part of the consumer goods sector. Shares are down 9.6% year-to-date as of the close of trading on Wednesday.

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TheStreet Ratings rates Shiloh Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from TheStreet Ratings analysis on SHLO go as follows:

  • The revenue growth came in higher than the industry average of 9.1%. Since the same quarter one year prior, revenues rose by 30.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 58.06% and other important driving factors, this stock has surged by 44.40% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SHLO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • SHILOH INDUSTRIES INC 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 two years. During the past fiscal year, SHILOH INDUSTRIES INC increased its bottom line by earning $1.27 versus $0.79 in the prior year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Auto Components industry. The net income increased by 58.0% when compared to the same quarter one year prior, rising from $5.28 million to $8.35 million.

You can view the full analysis from the report here: Shiloh Industries Ratings Report

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At the close, Sypris Solutions ( SYPR) was down $0.10 (2.8%) to $3.53 on light volume. Throughout the day, 17,574 shares of Sypris Solutions exchanged hands as compared to its average daily volume of 47,000 shares. The stock ranged in price between $3.50-$3.67 after having opened the day at $3.65 as compared to the previous trading day's close of $3.63.

Sypris Solutions, Inc. provides outsourced services and specialty products primarily in the United States, Mexico, Denmark, and the United Kingdom. Sypris Solutions has a market cap of $74.1 million and is part of the consumer goods sector. Shares are up 18.6% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Sypris Solutions a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Sypris Solutions as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

Highlights from TheStreet Ratings analysis on SYPR go as follows:

  • Compared to its price level of one year ago, SYPR is up 24.09% to its most recent closing price of 3.76. Looking ahead, our view is that this company's fundamentals should not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
  • SYPR's revenue growth has slightly outpaced the industry average of 9.1%. Since the same quarter one year prior, revenues rose by 13.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • SYPRIS SOLUTIONS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SYPRIS SOLUTIONS INC swung to a loss, reporting -$0.52 versus $0.52 in the prior year. This year, the market expects an improvement in earnings ($0.20 versus -$0.52).
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Auto Components industry and the overall market, SYPRIS SOLUTIONS INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for SYPRIS SOLUTIONS INC is currently extremely low, coming in at 14.51%. Regardless of SYPR'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 0.39% trails the industry average.

You can view the full analysis from the report here: Sypris Solutions Ratings Report

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Marine Products ( MPX) was another company that pushed the Automotive industry lower today. Marine Products was down $0.48 (5.7%) to $7.96 on heavy volume. Throughout the day, 27,970 shares of Marine Products exchanged hands as compared to its average daily volume of 16,000 shares. The stock ranged in price between $7.95-$8.39 after having opened the day at $8.21 as compared to the previous trading day's close of $8.44.

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, and sport fishing markets worldwide. Marine Products has a market cap of $318.3 million and is part of the consumer goods sector. Shares are down 16.0% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Marine Products a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Marine Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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Highlights from TheStreet Ratings analysis on MPX go as follows:

  • MPX's revenue growth has slightly outpaced the industry average of 6.4%. Since the same quarter one year prior, revenues rose by 13.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Leisure Equipment & Products industry. The net income increased by 55.7% when compared to the same quarter one year prior, rising from $1.94 million to $3.01 million.
  • MARINE PRODUCTS CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past two years indicate the company has sound management over its earnings and share float. We anticipate the company beginning to experience more growth in the coming year. During the past fiscal year, MARINE PRODUCTS CORP's EPS of $0.19 remained unchanged from the prior years' EPS of $0.19. This year, the market expects an improvement in earnings ($0.28 versus $0.19).
  • Net operating cash flow has significantly increased by 68.14% to -$0.38 million when compared to the same quarter last year. Despite an increase in cash flow of 68.14%, MARINE PRODUCTS CORP is still growing at a significantly lower rate than the industry average of 177.27%.
  • MPX has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.97 is somewhat weak and could be cause for future problems.

You can view the full analysis from the report here: Marine Products 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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