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 traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 305 points (1.8%) at 17,666 as of Tuesday, Feb. 3, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,499 issues advancing vs. 614 declining with 98 unchanged.

The Transportation industry as a whole closed the day up 1.5% versus the S&P 500, which was up 1.4%. Top gainers within the Transportation industry included PHI ( PHII), up 4.9%, Ultrapetrol Bahamas ( ULTR), up 10.2%, FreeSeas ( FREE), up 9.8%, Sino-Global Shipping America ( SINO), up 3.7% and Box Ships ( TEU), up 4.3%.

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

FreeSeas ( FREE) is one of the companies that pushed the Transportation industry higher today. FreeSeas was up $0.01 (9.8%) to $0.08 on light volume. Throughout the day, 1,009,814 shares of FreeSeas exchanged hands as compared to its average daily volume of 1,832,200 shares. The stock ranged in a price between $0.08-$0.08 after having opened the day at $0.08 as compared to the previous trading day's close of $0.08.

FreeSeas Inc., through its subsidiaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. FreeSeas has a market cap of $8.9 million and is part of the services sector. Shares are down 14.4% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate FreeSeas a buy, no analysts rate it a sell, and none rate 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.

TheStreet Ratings rates FreeSeas as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and generally high debt management risk.

Highlights from TheStreet Ratings analysis on FREE go as follows:

  • FREE'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 96.12%, 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.
  • FREE's debt-to-equity ratio of 0.62 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 0.11 is very low and demonstrates very weak liquidity.
  • The revenue fell significantly faster than the industry average of 8.2%. Since the same quarter one year prior, revenues fell by 45.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Compared to other companies in the Marine industry and the overall market, FREESEAS INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • FREESEAS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, FREESEAS INC continued to lose money by earning -$29.37 versus -$220.50 in the prior year.

You can view the full analysis from the report here: FreeSeas 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.

At the close, Ultrapetrol Bahamas ( ULTR) was up $0.17 (10.2%) to $1.83 on average volume. Throughout the day, 66,219 shares of Ultrapetrol Bahamas exchanged hands as compared to its average daily volume of 53,300 shares. The stock ranged in a price between $1.68-$1.84 after having opened the day at $1.68 as compared to the previous trading day's close of $1.66.

Ultrapetrol (Bahamas) Limited, an industrial shipping company, provides marine transportation services in South America, Central America, Europe, North America, and Asia. The company operates in three segments: River Business, Offshore Supply Business, and Ocean Business. Ultrapetrol Bahamas has a market cap of $226.6 million and is part of the services sector. Shares are down 22.4% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Ultrapetrol Bahamas a buy, no analysts rate it a sell, and none rate 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.

TheStreet Ratings rates Ultrapetrol Bahamas 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 high debt management risk and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on ULTR 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 Marine industry. The net income has significantly decreased by 308.5% when compared to the same quarter one year ago, falling from $7.00 million to -$14.59 million.
  • 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 Marine industry and the overall market on the basis of return on equity, ULTRAPETROL BAHAMAS LTD underperformed against that of the industry average and is significantly less than that of the S&P 500.
  • The gross profit margin for ULTRAPETROL BAHAMAS LTD is rather low; currently it is at 24.30%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -14.68% is significantly below that of the industry average.
  • The debt-to-equity ratio of 1.22 is relatively high when compared with the industry average, suggesting a need for better debt level management. Even though the debt-to-equity ratio is weak, ULTR's quick ratio is somewhat strong at 1.42, demonstrating the ability to handle short-term liquidity needs.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 49.12%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 300.00% 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.

You can view the full analysis from the report here: Ultrapetrol Bahamas 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.

PHI ( PHII) was another company that pushed the Transportation industry higher today. PHI was up $1.69 (4.9%) to $36.40 on heavy volume. Throughout the day, 1,301 shares of PHI exchanged hands as compared to its average daily volume of 600 shares. The stock ranged in a price between $36.23-$36.71 after having opened the day at $36.71 as compared to the previous trading day's close of $34.71.

PHI, Inc. provides helicopter transportation services to the oil and gas exploration, development, and production industry, principally in the Gulf of Mexico. The company operates in three business segments: Oil and Gas, Air Medical, and Technical Services. PHI has a market cap of $99.9 million and is part of the services sector. Shares are down 3.6% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate PHI a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates PHI as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from TheStreet Ratings analysis on PHII go as follows:

  • PHI INC has improved earnings per share by 25.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, PHI INC increased its bottom line by earning $3.77 versus $1.16 in the prior year.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Energy Equipment & Services industry average. The net income increased by 25.2% when compared to the same quarter one year prior, rising from $13.78 million to $17.25 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 9.9%. Since the same quarter one year prior, revenues slightly increased by 7.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has slightly increased to $10.79 million or 3.75% when compared to the same quarter last year. In addition, PHI INC has also modestly surpassed the industry average cash flow growth rate of -0.92%.

You can view the full analysis from the report here: PHI 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.