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The Automotive industry as a whole closed the day down 2.4% versus the S&P 500, which was down 1.3%. Laggards within the Automotive industry included Marine Products ( MPX), down 2.0%, UQM Technologies ( UQM), down 9.5%, Spartan Motors ( SPAR), down 3.2%, Miller Industries ( MLR), down 1.9% and Shiloh Industries ( SHLO), down 5.2%.

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

Spartan Motors ( SPAR) is one of the companies that pushed the Automotive industry lower today. Spartan Motors was down $0.17 (3.2%) to $5.21 on average volume. Throughout the day, 75,424 shares of Spartan Motors exchanged hands as compared to its average daily volume of 57,100 shares. The stock ranged in price between $5.16-$5.35 after having opened the day at $5.31 as compared to the previous trading day's close of $5.38.

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and custom vehicles in the United States, Canada, South America, and Asia. Spartan Motors has a market cap of $178.9 million and is part of the consumer goods sector. Shares are up 2.3% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Spartan Motors a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Spartan Motors as a hold. 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 and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins.

Highlights from TheStreet Ratings analysis on SPAR go as follows:

  • The revenue growth came in higher than the industry average of 1.2%. Since the same quarter one year prior, revenues rose by 14.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • SPAR's debt-to-equity ratio is very low at 0.03 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.28, which illustrates the ability to avoid short-term cash problems.
  • SPARTAN MOTORS 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, SPARTAN MOTORS INC reported poor results of -$0.18 versus -$0.07 in the prior year. This year, the market expects an improvement in earnings ($0.00 versus -$0.18).
  • SPAR has underperformed the S&P 500 Index, declining 13.12% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • Net operating cash flow has significantly decreased to $0.22 million or 95.59% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

You can view the full analysis from the report here: Spartan Motors Ratings Report

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At the close, UQM Technologies ( UQM) was down $0.10 (9.5%) to $0.95 on light volume. Throughout the day, 108,293 shares of UQM Technologies exchanged hands as compared to its average daily volume of 154,000 shares. The stock ranged in price between $0.94-$1.04 after having opened the day at $1.01 as compared to the previous trading day's close of $1.05.

UQM Technologies, Inc. develops, manufactures, and sells electric motors, generators, and power electronic controllers in the United States and internationally. UQM Technologies has a market cap of $37.1 million and is part of the consumer goods sector. Shares are up 34.4% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates UQM Technologies a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates UQM Technologies as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from TheStreet Ratings analysis on UQM 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 Auto Components industry. The net income has significantly decreased by 382.1% when compared to the same quarter one year ago, falling from -$0.41 million to -$1.99 million.
  • Net operating cash flow has significantly decreased to -$1.12 million or 371.42% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 55.72%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 400.00% compared to the year-earlier 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.
  • UQM 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. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, UQM TECHNOLOGIES INC continued to lose money by earning -$0.07 versus -$0.29 in the prior year. For the next year, the market is expecting a contraction of 100.0% in earnings (-$0.14 versus -$0.07).
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Auto Components industry and the overall market, UQM 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: UQM Technologies Ratings Report

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Marine Products ( MPX) was another company that pushed the Automotive industry lower today. Marine Products was down $0.15 (2.0%) to $7.23 on light volume. Throughout the day, 8,590 shares of Marine Products exchanged hands as compared to its average daily volume of 18,800 shares. The stock ranged in price between $7.20-$7.33 after having opened the day at $7.29 as compared to the previous trading day's close of $7.38.

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 $264.9 million and is part of the consumer goods sector. Shares are down 12.6% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Marine Products a buy, no analysts rate it a sell, and 2 rate it a hold.

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.

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Highlights from TheStreet Ratings analysis on MPX go as follows:

  • MARINE PRODUCTS CORP reported flat earnings per share in the most recent quarter. 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, MARINE PRODUCTS CORP increased its bottom line by earning $0.23 versus $0.19 in the prior year. This year, the market expects an improvement in earnings ($0.33 versus $0.23).
  • 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. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.77 is somewhat weak and could be cause for future problems.
  • MPX, with its decline in revenue, underperformed when compared the industry average of 5.9%. Since the same quarter one year prior, revenues slightly dropped by 5.9%. 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 19.86%. Regardless of MPX's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 5.45% trails the industry average.

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

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