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The Transportation industry as a whole closed the day down 2.0% versus the S&P 500, which was down 1.5%. Laggards within the Transportation industry included Euroseas ( ESEA), down 3.0%, Danaos ( DAC), down 3.2%, Global Ship Lease ( GSL), down 3.0%, Radiant Logistics ( RLGT), down 4.9% and Ultrapetrol Bahamas ( ULTR), down 2.5%.

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

Global Ship Lease ( GSL) is one of the companies that pushed the Transportation industry lower today. Global Ship Lease was down $0.12 (3.0%) to $3.85 on light volume. Throughout the day, 30,529 shares of Global Ship Lease exchanged hands as compared to its average daily volume of 54,100 shares. The stock ranged in price between $3.80-$3.95 after having opened the day at $3.95 as compared to the previous trading day's close of $3.97.

Global Ship Lease, Inc. owns and leases containerships under long-term fixed-rate charters to container shipping companies. As of March 31, 2014, it owned 17 vessels with a total capacity of 66,349 twenty-foot equivalent units. The company is based in London, the United Kingdom. Global Ship Lease has a market cap of $192.1 million and is part of the services sector. Shares are down 33.9% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Global Ship Lease as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, feeble growth in its earnings per share, generally disappointing historical performance in the stock itself and weak operating cash flow.

Highlights from TheStreet Ratings analysis on GSL go as follows:

  • 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 Marine industry. The net income has significantly decreased by 122.6% when compared to the same quarter one year ago, falling from $10.13 million to -$2.29 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Marine industry and the overall market on the basis of return on equity, GLOBAL SHIP LEASE INC underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • GLOBAL SHIP LEASE INC 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. Stable earnings per share over the past year indicate the company has managed its earnings and share float. We anticipate this stability to falter in the coming year and, in turn, the company to deliver lower earnings per share than prior full year. During the past fiscal year, GLOBAL SHIP LEASE INC's EPS of $0.68 remained unchanged from the prior years' EPS of $0.68. For the next year, the market is expecting a contraction of 104.4% in earnings (-$0.03 versus $0.68).
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 27.72%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 123.80% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • Net operating cash flow has decreased to $17.46 million or 10.66% when compared to the same quarter last year. Despite a decrease in cash flow of 10.66%, GLOBAL SHIP LEASE INC is in line with the industry average cash flow growth rate of -19.05%.

You can view the full analysis from the report here: Global Ship Lease Ratings Report

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At the close, Danaos ( DAC) was down $0.16 (3.2%) to $4.84 on average volume. Throughout the day, 11,734 shares of Danaos exchanged hands as compared to its average daily volume of 11,300 shares. The stock ranged in price between $4.69-$5.00 after having opened the day at $5.00 as compared to the previous trading day's close of $5.00.

Danaos Corporation, together with its subsidiaries, is engaged in the ownership and operation of containerships, as well as chartering of its vessels to liner companies in Greece and internationally. It primarily offers seaborne transportation services. Danaos has a market cap of $538.5 million and is part of the services sector. Shares are up 2.0% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Danaos a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Danaos as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally high debt management risk and weak operating cash flow.

Highlights from TheStreet Ratings analysis on DAC go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and the Marine industry average. The net income has decreased by 14.8% when compared to the same quarter one year ago, dropping from $19.54 million to $16.64 million.
  • The debt-to-equity ratio is very high at 4.64 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.21, which clearly demonstrates the inability to cover short-term cash needs.
  • Net operating cash flow has decreased to $44.02 million or 11.73% when compared to the same quarter last year. Despite a decrease in cash flow of 11.73%, DANAOS CORP is in line with the industry average cash flow growth rate of -19.05%.
  • 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 Marine industry and the overall market on the basis of return on equity, DANAOS CORP underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • DAC, with its decline in revenue, underperformed when compared the industry average of 10.7%. Since the same quarter one year prior, revenues slightly dropped by 6.9%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

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

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Euroseas ( ESEA) was another company that pushed the Transportation industry lower today. Euroseas was down $0.03 (3.0%) to $1.08 on average volume. Throughout the day, 34,216 shares of Euroseas exchanged hands as compared to its average daily volume of 42,800 shares. The stock ranged in price between $1.08-$1.12 after having opened the day at $1.10 as compared to the previous trading day's close of $1.11.

Euroseas Ltd. provides ocean-going transportation services worldwide. It owns and operates dry bulk carriers that transport bulks, such as iron ore, coal, and grains, as well as bauxite, phosphate, and fertilizers. Euroseas has a market cap of $63.1 million and is part of the services sector. Shares are down 23.4% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Euroseas a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Euroseas as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself.

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Highlights from TheStreet Ratings analysis on ESEA go as follows:

  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Marine industry and the overall market, EUROSEAS LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for EUROSEAS LTD is rather low; currently it is at 15.92%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -49.46% is significantly below that of the industry average.
  • ESEA's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 28.29%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • EUROSEAS LTD 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, EUROSEAS LTD reported poor results of -$2.27 versus -$0.39 in the prior year. This year, the market expects an improvement in earnings (-$0.26 versus -$2.27).
  • Despite currently having a low debt-to-equity ratio of 0.42, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that ESEA's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.72 is high and demonstrates strong liquidity.

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

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