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 Industrial Goods sector as a whole closed the day down 0.6% versus the S&P 500, which was down 0.3%. Laggards within the Industrial Goods sector included Tel Instrument Electronics ( TIK), down 2.4%, LightPath Technologies ( LPTH), down 2.9%, WSI Industries ( WSCI), down 2.1%, China Ceramics ( CCCL), down 2.7% and India Globalization Capital ( IGC), down 9.6%.

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

India Globalization Capital ( IGC) is one of the companies that pushed the Industrial Goods sector lower today. India Globalization Capital was down $0.08 (9.6%) to $0.75 on heavy volume. Throughout the day, 314,226 shares of India Globalization Capital exchanged hands as compared to its average daily volume of 134,500 shares. The stock ranged in price between $0.75-$0.91 after having opened the day at $0.87 as compared to the previous trading day's close of $0.83.

India Globalization Capital has a market cap of $9.5 million and is part of the industrial industry. Shares are down 27.8% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate India Globalization Capital a buy, no analysts rate it a sell, and 1 rates it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close, China Ceramics ( CCCL) was down $0.03 (2.7%) to $0.92 on light volume. Throughout the day, 4,476 shares of China Ceramics exchanged hands as compared to its average daily volume of 97,700 shares. The stock ranged in price between $0.92-$0.99 after having opened the day at $0.99 as compared to the previous trading day's close of $0.95.

China Ceramics has a market cap of $20.4 million and is part of the industrial industry. Shares are down 61.1% year-to-date as of the close of trading on Monday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

LightPath Technologies ( LPTH) was another company that pushed the Industrial Goods sector 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 industry. 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.