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The Industrial industry as a whole closed the day down 0.7% versus the S&P 500, which was up 0.2%. Laggards within the Industrial industry included NF Energy Saving ( NFEC), down 4.1%, Intelligent Systems ( INS), down 3.9%, LightPath Technologies ( LPTH), down 9.2%, American DG Energy ( ADGE), down 5.1% and Taylor Devices ( TAYD), down 1.8%.

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

Matthews International Corporation ( MATW) is one of the companies that pushed the Industrial industry lower today. Matthews International Corporation was down $0.99 (2.1%) to $45.32 on heavy volume. Throughout the day, 223,321 shares of Matthews International Corporation exchanged hands as compared to its average daily volume of 116,900 shares. The stock ranged in price between $44.90-$46.32 after having opened the day at $46.27 as compared to the previous trading day's close of $46.31.

Matthews International Corporation designs, manufactures, and markets memorialization products and solutions for the cemetery and funeral home industries in the United States, Central and South America, Canada, Europe, Australia, and Asia. Matthews International Corporation has a market cap of $1.5 billion and is part of the services sector. Shares are down 4.8% year-to-date as of the close of trading on Friday.

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TheStreet Ratings rates Matthews International Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from TheStreet Ratings analysis on MATW go as follows:

  • The revenue growth greatly exceeded the industry average of 8.3%. Since the same quarter one year prior, revenues rose by 38.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.94, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.41, which illustrates the ability to avoid short-term cash problems.
  • 40.33% is the gross profit margin for MATTHEWS INTL CORP 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 1.47% trails the industry average.
  • After a year of stock price fluctuations, the net result is that MATW's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.

You can view the full analysis from the report here: Matthews International Corporation Ratings Report

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At the close, LightPath Technologies ( LPTH) was down $0.12 (9.2%) to $1.18 on average volume. Throughout the day, 18,237 shares of LightPath Technologies exchanged hands as compared to its average daily volume of 19,400 shares. The stock ranged in price between $1.15-$1.25 after having opened the day at $1.25 as compared to the previous trading day's close of $1.30.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies has a market cap of $18.6 million and is part of the services sector. Shares are up 42.9% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates LightPath Technologies a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates LightPath Technologies as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on LPTH go as follows:

  • LIGHTPATH TECHNOLOGIES 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. Earnings per share have declined over the last year. We anticipate that this should continue 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. For the next year, the market is expecting a contraction of 100.0% in earnings (-$0.04 versus -$0.02).
  • 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 Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 623.8% when compared to the same quarter one year ago, falling from -$0.08 million to -$0.58 million.
  • 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 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.
  • Net operating cash flow has significantly decreased to -$0.10 million or 139.84% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • 42.53% is the gross profit margin for LIGHTPATH TECHNOLOGIES INC which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, LPTH's net profit margin of -22.24% significantly underperformed when compared to the industry average.

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

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NF Energy Saving ( NFEC) was another company that pushed the Industrial industry lower today. NF Energy Saving was down $0.07 (4.1%) to $1.57 on light volume. Throughout the day, 4,748 shares of NF Energy Saving exchanged hands as compared to its average daily volume of 11,000 shares. The stock ranged in price between $1.56-$1.63 after having opened the day at $1.57 as compared to the previous trading day's close of $1.64.

NF Energy Saving Corporation, through its subsidiaries, is engaged in the production of heavy industrial components and products in the People's Republic of China. It operates through two segments, Heavy Manufacturing Business and Energy-saving Related Business. NF Energy Saving has a market cap of $9.4 million and is part of the services sector. Shares are up 3.1% year-to-date as of the close of trading on Friday.

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

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Highlights from TheStreet Ratings analysis on NFEC go as follows:

  • 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 Machinery industry and the overall market, NF ENERGY SAVING CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$0.84 million or 737.40% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • This stock has managed to decline in share value by 3.04% over the past twelve months. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
  • NF ENERGY SAVING CORP has shown improvement in its earnings for its most recently reported quarter when compared with the same quarter a year earlier. 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, NF ENERGY SAVING CORP swung to a loss, reporting -$0.03 versus $0.01 in the prior year.
  • 37.16% is the gross profit margin for NF ENERGY SAVING CORP which we consider to be strong. Regardless of NFEC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, NFEC's net profit margin of 11.10% compares favorably to the industry average.

You can view the full analysis from the report here: NF Energy Saving Ratings Report

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