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.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 173.45 points (-1.1%) at 16,142 as of Wednesday, Oct. 15, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,470 issues advancing vs. 1,677 declining with 92 unchanged.

The Industrial industry as a whole closed the day up 0.7% versus the S&P 500, which was down 0.8%. Top gainers within the Industrial industry included LGL Group ( LGL), up 7.2%, Continental Materials ( CUO), up 1.6%, P & F Industries ( PFIN), up 2.1%, THT Heat Transfer Technology ( THTI), up 2.7% and MFRI ( MFRI), up 1.6%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

MFRI ( MFRI) is one of the companies that pushed the Industrial industry higher today. MFRI was up $0.14 (1.6%) to $8.89 on average volume. Throughout the day, 12,726 shares of MFRI exchanged hands as compared to its average daily volume of 15,100 shares. The stock ranged in a price between $8.45-$8.89 after having opened the day at $8.45 as compared to the previous trading day's close of $8.75.

MFRI, Inc., together with its subsidiaries, manufactures and sells piping systems and filtration products. The company's Piping Systems segment engineers, designs, manufactures, and sells specialty piping leak detection and location systems. MFRI has a market cap of $65.6 million and is part of the industrial goods sector. Shares are down 37.3% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate MFRI a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates MFRI as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. 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 MFRI go as follows:

  • The current debt-to-equity ratio, 0.45, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, MFRI has a quick ratio of 1.55, which demonstrates the ability of the company to cover short-term liquidity needs.
  • 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 Machinery industry and the overall market on the basis of return on equity, MFRI INC has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
  • The gross profit margin for MFRI INC is rather low; currently it is at 22.51%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 2.55% trails that of the industry average.
  • Net operating cash flow has significantly decreased to -$1.45 million or 345.84% 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: MFRI Ratings Report

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At the close, THT Heat Transfer Technology ( THTI) was up $0.03 (2.7%) to $1.28 on light volume. Throughout the day, 11,450 shares of THT Heat Transfer Technology exchanged hands as compared to its average daily volume of 80,700 shares. The stock ranged in a price between $1.25-$1.30 after having opened the day at $1.25 as compared to the previous trading day's close of $1.25.

THT Heat Transfer Technology, Inc., through its subsidiaries, manufactures and trades in plate heat exchangers and various related products in the People's Republic of China. THT Heat Transfer Technology has a market cap of $26.6 million and is part of the industrial goods sector. Shares are up 38.5% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate THT Heat Transfer Technology a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates THT Heat Transfer Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from TheStreet Ratings analysis on THTI go as follows:

  • The revenue growth came in higher than the industry average of 4.1%. Since the same quarter one year prior, revenues rose by 16.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • THTI's debt-to-equity ratio is very low at 0.13 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.13, which illustrates the ability to avoid short-term cash problems.
  • 39.56% is the gross profit margin for THT HEAT TRANSFER TECH INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 7.30% trails the industry average.
  • THT HEAT TRANSFER TECH INC 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 year indicate the company has sound management over its earnings and share float. During the past fiscal year, THT HEAT TRANSFER TECH INC's EPS of $0.15 remained unchanged from the prior years' EPS of $0.15.
  • 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. In comparison to the other companies in the Machinery industry and the overall market, THT HEAT TRANSFER TECH INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.

You can view the full analysis from the report here: THT Heat Transfer Technology 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.

LGL Group ( LGL) was another company that pushed the Industrial industry higher today. LGL Group was up $0.25 (7.2%) to $3.74 on heavy volume. Throughout the day, 9,584 shares of LGL Group exchanged hands as compared to its average daily volume of 4,700 shares. The stock ranged in a price between $3.22-$3.79 after having opened the day at $3.23 as compared to the previous trading day's close of $3.48.

The LGL Group, Inc., through its subsidiaries, designs, manufactures, and markets standard and custom-engineered electronic components in the United States and internationally. LGL Group has a market cap of $9.5 million and is part of the industrial goods sector. Shares are down 35.6% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate LGL Group a buy, no analysts rate it a sell, and none rate it a hold.

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

Highlights from TheStreet Ratings analysis on LGL go as follows:

  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, LGL GROUP INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for LGL GROUP INC is currently lower than what is desirable, coming in at 27.40%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -21.69% is significantly below that of the industry average.
  • Net operating cash flow has significantly decreased to -$0.04 million or 108.23% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • LGL'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 39.60%, 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.
  • LGL GROUP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, LGL GROUP INC reported poor results of -$3.16 versus -$0.51 in the prior year.

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

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.