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The Industrial industry as a whole closed the day down 0.6% versus the S&P 500, which was down 0.3%. Laggards within the Industrial industry included LightPath Technologies ( LPTH), down 2.9%, WSI Industries ( WSCI), down 2.1%, Marine Products ( MPX), down 2.4%, Ideal Power ( IPWR), down 1.7% and UQM Technologies ( UQM), down 1.8%.

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

Ideal Power ( IPWR) is one of the companies that pushed the Industrial industry lower today. Ideal Power was down $0.13 (1.7%) to $7.56 on average volume. Throughout the day, 17,511 shares of Ideal Power exchanged hands as compared to its average daily volume of 20,500 shares. The stock ranged in price between $7.08-$7.67 after having opened the day at $7.27 as compared to the previous trading day's close of $7.69.

Ideal Power has a market cap of $54.3 million and is part of the industrial goods sector. Shares are up 44.8% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Ideal Power a buy, no analysts rate it a sell, and none rate it a hold.

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At the close, Marine Products ( MPX) was down $0.19 (2.4%) to $7.91 on light volume. Throughout the day, 6,302 shares of Marine Products exchanged hands as compared to its average daily volume of 16,200 shares. The stock ranged in price between $7.86-$8.22 after having opened the day at $8.15 as compared to the previous trading day's close of $8.10.

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 $322.1 million and is part of the industrial goods sector. Shares are down 19.4% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate Marine Products a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Marine Products as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from TheStreet Ratings analysis on MPX go as follows:

  • 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. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.30, which illustrates the ability to avoid short-term cash problems.
  • MARINE PRODUCTS CORP reported flat earnings per share in the most recent quarter. 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 ($0.26 versus $0.19).
  • MPX, with its decline in revenue, underperformed when compared the industry average of 3.8%. Since the same quarter one year prior, revenues slightly dropped by 9.7%. Weakness in the company's revenue seems to not be hurting the bottom line, shown by stable earnings per share.
  • 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 Leisure Equipment & Products industry and the overall market, MARINE PRODUCTS CORP's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • The gross profit margin for MARINE PRODUCTS CORP is rather low; currently it is at 18.37%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 4.96% trails that of the industry average.

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

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LightPath Technologies ( LPTH) was another company that pushed the Industrial industry lower today. LightPath Technologies was down $0.04 (2.9%) to $1.35 on light volume. Throughout the day, 298 shares of LightPath Technologies exchanged hands as compared to its average daily volume of 38,900 shares. The stock ranged in price between $1.35-$1.36 after having opened the day at $1.36 as compared to the previous trading day's close of $1.39.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies has a market cap of $19.4 million and is part of the industrial goods sector. Shares are up 2.2% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates LightPath Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates LightPath Technologies as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.

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Highlights from TheStreet Ratings analysis on LPTH go as follows:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income increased by 142.2% when compared to the same quarter one year prior, rising from -$0.24 million to $0.10 million.
  • LPTH's debt-to-equity ratio is very low at 0.02 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, LPTH has a quick ratio of 1.56, which demonstrates the ability of the company to cover short-term liquidity needs.
  • LIGHTPATH TECHNOLOGIES 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, LIGHTPATH TECHNOLOGIES INC swung to a loss, reporting -$0.02 versus $0.02 in the prior year. This year, the market expects an improvement in earnings ($0.00 versus -$0.02).
  • Net operating cash flow has significantly decreased to $0.04 million or 93.72% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • 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, LIGHTPATH TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.

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

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