3 Stocks Pushing The Materials & Construction Industry Lower

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 Materials & Construction industry as a whole closed the day down 0.1% versus the S&P 500, which was unchanged. Laggards within the Materials & Construction industry included China Ceramics ( CCCL), down 3.4%, Perma-Fix Environmental Services ( PESI), down 2.6%, Skyline ( SKY), down 1.7%, Abengoa ( ABGB), down 39.5% and MagneGas ( MNGA), down 2.6%.

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

Abengoa ( ABGB) is one of the companies that pushed the Materials & Construction industry lower today. Abengoa was down $5.94 (39.5%) to $9.11 on heavy volume. Throughout the day, 6,882,433 shares of Abengoa exchanged hands as compared to its average daily volume of 24,900 shares. The stock ranged in price between $7.71-$9.95 after having opened the day at $7.87 as compared to the previous trading day's close of $15.05.

Abengoa has a market cap of $2.8 billion and is part of the industrial goods sector. Shares are up 11.4% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Abengoa a buy, no analysts rate it a sell, and 1 rates it a hold.

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At the close, Perma-Fix Environmental Services ( PESI) was down $0.12 (2.6%) to $4.46 on average volume. Throughout the day, 24,510 shares of Perma-Fix Environmental Services exchanged hands as compared to its average daily volume of 17,400 shares. The stock ranged in price between $4.42-$4.61 after having opened the day at $4.58 as compared to the previous trading day's close of $4.58.

Perma-Fix Environmental Services, Inc., through its subsidiaries, operates as an environmental and technology know-how company in the United States. It operates through two segments, Treatment and Services. Perma-Fix Environmental Services has a market cap of $52.3 million and is part of the industrial goods sector. Shares are up 47.3% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Perma-Fix Environmental Services a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Perma-Fix Environmental Services 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 feeble growth in its earnings per share.

Highlights from TheStreet Ratings analysis on PESI 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 Commercial Services & Supplies industry and the overall market, PERMA-FIX ENVIRONMENTAL SVCS's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for PERMA-FIX ENVIRONMENTAL SVCS is rather low; currently it is at 19.90%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 0.08% significantly trails the industry average.
  • Net operating cash flow has significantly decreased to -$4.38 million or 187.13% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • PERMA-FIX ENVIRONMENTAL SVCS 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. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, PERMA-FIX ENVIRONMENTAL SVCS reported poor results of -$3.03 versus -$0.30 in the prior year. This year, the market expects an improvement in earnings (-$0.46 versus -$3.03).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Commercial Services & Supplies industry average, but is greater than that of the S&P 500. The net income increased by 101.3% when compared to the same quarter one year prior, rising from -$0.88 million to $0.01 million.

You can view the full analysis from the report here: Perma-Fix Environmental Services Ratings Report

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China Ceramics ( CCCL) was another company that pushed the Materials & Construction industry lower today. China Ceramics was down $0.03 (3.4%) to $0.85 on average volume. Throughout the day, 80,298 shares of China Ceramics exchanged hands as compared to its average daily volume of 69,000 shares. The stock ranged in price between $0.85-$0.89 after having opened the day at $0.86 as compared to the previous trading day's close of $0.88.

China Ceramics has a market cap of $17.0 million and is part of the industrial goods sector. Shares are down 65.9% year-to-date as of the close of trading on Thursday.

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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