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 60.59 points (-0.3%) at 17,824 as of Friday, Feb. 6, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,145 issues advancing vs. 1,963 declining with 115 unchanged.

The Transportation industry as a whole closed the day down 0.3% versus the S&P 500, which was down 0.3%. Top gainers within the Transportation industry included Euroseas ( ESEA), up 5.3%, Danaos ( DAC), up 22.3%, Paragon Shipping ( PRGN), up 3.9%, Rand Logistics ( RLOG), up 3.1% and Global Ship Lease ( GSL), up 6.2%.

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

Paragon Shipping ( PRGN) is one of the companies that pushed the Transportation industry higher today. Paragon Shipping was up $0.07 (3.9%) to $1.89 on light volume. Throughout the day, 60,264 shares of Paragon Shipping exchanged hands as compared to its average daily volume of 111,500 shares. The stock ranged in a price between $1.81-$1.93 after having opened the day at $1.81 as compared to the previous trading day's close of $1.82.

Paragon Shipping Inc. provides shipping transportation services worldwide. It is engaged in the ocean transportation of drybulk cargoes, including commodities, such as iron ore, coal, grain, and other materials. Paragon Shipping has a market cap of $44.5 million and is part of the services sector. Shares are down 33.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Paragon Shipping a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Paragon Shipping 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, generally disappointing historical performance in the stock itself and generally high debt management risk.

Highlights from TheStreet Ratings analysis on PRGN 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 Marine industry and the overall market, PARAGON SHIPPING INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for PARAGON SHIPPING INC is rather low; currently it is at 21.37%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -47.15% is significantly below that of the industry average.
  • Net operating cash flow has significantly decreased to -$3.39 million or 1941.30% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • PRGN'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 73.81%, 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.
  • PRGN's debt-to-equity ratio of 0.86 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 0.20 is very low and demonstrates very weak liquidity.

You can view the full analysis from the report here: Paragon Shipping 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, Danaos ( DAC) was up $1.02 (22.3%) to $5.59 on heavy volume. Throughout the day, 154,393 shares of Danaos exchanged hands as compared to its average daily volume of 19,200 shares. The stock ranged in a price between $4.60-$5.91 after having opened the day at $4.64 as compared to the previous trading day's close of $4.57.

Danaos Corporation, together with its subsidiaries, is engaged in the ownership and operation of containerships, as well as chartering of its vessels to liner companies in Greece and internationally. It primarily offers seaborne transportation services. Danaos has a market cap of $517.6 million and is part of the services sector. Shares are down 16.4% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate Danaos a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Danaos as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.

Highlights from TheStreet Ratings analysis on DAC go as follows:

  • DANAOS CORP 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. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, DANAOS CORP turned its bottom line around by earning $0.34 versus -$0.95 in the prior year. This year, the market expects an improvement in earnings ($0.51 versus $0.34).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Marine industry. The net income increased by 155.0% when compared to the same quarter one year prior, rising from $8.79 million to $22.41 million.
  • 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 Marine industry and the overall market on the basis of return on equity, DANAOS CORP has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • DAC'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 25.23%, 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 debt-to-equity ratio is very high at 4.25 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.24, which clearly demonstrates the inability to cover short-term cash needs.

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

Euroseas ( ESEA) was another company that pushed the Transportation industry higher today. Euroseas was up $0.04 (5.3%) to $0.77 on light volume. Throughout the day, 26,078 shares of Euroseas exchanged hands as compared to its average daily volume of 67,400 shares. The stock ranged in a price between $0.76-$0.81 after having opened the day at $0.80 as compared to the previous trading day's close of $0.73.

Euroseas Ltd. provides ocean-going transportation services worldwide. It owns and operates dry bulk carriers that transport bulks, such as iron ore, coal, and grains, as well as bauxite, phosphate, and fertilizers. Euroseas has a market cap of $41.3 million and is part of the services sector. Shares are down 4.8% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Euroseas a buy, no analysts rate it a sell, and 2 rate it a hold.

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

Highlights from TheStreet Ratings analysis on ESEA 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 Marine industry and the overall market, EUROSEAS LTD'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 -$1.63 million or 421.15% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The gross profit margin for EUROSEAS LTD is rather low; currently it is at 21.79%. Regardless of ESEA's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, ESEA's net profit margin of -35.67% significantly underperformed when compared to the industry average.
  • ESEA'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 46.62%, 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.
  • EUROSEAS LTD has improved earnings per share by 12.5% 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, EUROSEAS LTD reported poor results of -$2.27 versus -$0.39 in the prior year. This year, the market expects an improvement in earnings (-$0.27 versus -$2.27).

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