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 195.84 points (-1.1%) at 17,191 as of Wednesday, Jan. 28, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 821 issues advancing vs. 2,309 declining with 78 unchanged.

The Industrial industry as a whole closed the day down 1.3% versus the S&P 500, which was down 1.3%. Top gainers within the Industrial industry included LGL Group ( LGL), up 2.2%, NF Energy Saving ( NFEC), up 2.5%, Ultralife Batteries ( ULBI), up 7.3%, American Electric Technologies ( AETI), up 18.9% and Compx International ( CIX), up 3.2%.

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

Ultralife Batteries ( ULBI) is one of the companies that pushed the Industrial industry higher today. Ultralife Batteries was up $0.23 (7.3%) to $3.38 on light volume. Throughout the day, 2,637 shares of Ultralife Batteries exchanged hands as compared to its average daily volume of 11,800 shares. The stock ranged in a price between $3.21-$3.39 after having opened the day at $3.34 as compared to the previous trading day's close of $3.15.

Ultralife Corporation offers power and communications solutions in the United States and internationally. It operates through two segments, Battery & Energy Products and Communications Systems. Ultralife Batteries has a market cap of $58.1 million and is part of the industrial goods sector. Shares are up 0.6% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Ultralife Batteries a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Ultralife Batteries as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from TheStreet Ratings analysis on ULBI go as follows:

  • 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 Electrical Equipment industry. The net income has significantly decreased by 150.2% when compared to the same quarter one year ago, falling from $0.64 million to -$0.32 million.
  • 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 Electrical Equipment industry and the overall market, ULTRALIFE CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for ULTRALIFE CORP is currently lower than what is desirable, coming in at 32.34%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -2.01% is significantly below that of the industry average.
  • In its most recent trading session, ULBI has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. 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.
  • ULTRALIFE CORP 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. 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, ULTRALIFE CORP's EPS of -$0.05 remained unchanged from the prior years' EPS of -$0.05.

You can view the full analysis from the report here: Ultralife Batteries Ratings Report

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At the close, NF Energy Saving ( NFEC) was up $0.05 (2.5%) to $2.06 on heavy volume. Throughout the day, 205,263 shares of NF Energy Saving exchanged hands as compared to its average daily volume of 9,000 shares. The stock ranged in a price between $1.91-$2.10 after having opened the day at $2.02 as compared to the previous trading day's close of $2.01.

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 $8.4 million and is part of the industrial goods sector. Shares are up 26.4% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate NF Energy Saving a buy, no analysts rate it a sell, and none rate it a hold.

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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 and weak operating cash flow.

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's share value has moved by only 13.97% over the past year. 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

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 $0.09 (2.2%) to $4.14 on light volume. Throughout the day, 1,638 shares of LGL Group exchanged hands as compared to its average daily volume of 3,500 shares. The stock ranged in a price between $3.96-$4.16 after having opened the day at $4.16 as compared to the previous trading day's close of $4.05.

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 $10.5 million and is part of the industrial goods sector. Shares are up 13.1% 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 weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on LGL go as follows:

  • Net operating cash flow has significantly decreased to -$0.52 million or 316.73% 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 29.35%, 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.
  • 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. 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.
  • 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.
  • LGL, with its decline in revenue, slightly underperformed the industry average of 0.6%. Since the same quarter one year prior, revenues slightly dropped by 8.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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.