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The Industrial Goods sector as a whole closed the day up 0.3% versus the S&P 500, which was up 0.1%. Laggards within the Industrial Goods sector included India Globalization Capital ( IGC), down 4.4%, Breeze-Eastern ( BZC), down 1.9%, NF Energy Saving ( NFEC), down 4.7%, LiqTech International ( LIQT), down 6.5% and Acorn Energy ( ACFN), down 8.2%.

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

NF Energy Saving ( NFEC) is one of the companies that pushed the Industrial Goods sector lower today. NF Energy Saving was down $0.09 (4.7%) to $1.85 on light volume. Throughout the day, 4,091 shares of NF Energy Saving exchanged hands as compared to its average daily volume of 37,900 shares. The stock ranged in price between $1.84-$1.86 after having opened the day at $1.86 as compared to the previous trading day's close of $1.94.

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 $11.1 million and is part of the materials & construction industry. Shares are up 22.0% year-to-date as of the close of trading on Wednesday.

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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.
  • 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.
  • NFEC's debt-to-equity ratio is very low at 0.28 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.76 is somewhat weak and could be cause for future problems.

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

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At the close, Breeze-Eastern ( BZC) was down $0.20 (1.9%) to $10.13 on average volume. Throughout the day, 6,312 shares of Breeze-Eastern exchanged hands as compared to its average daily volume of 6,900 shares. The stock ranged in price between $10.13-$10.33 after having opened the day at $10.33 as compared to the previous trading day's close of $10.33.

Breeze-Eastern Corporation designs, develops, manufactures, sells, and services engineered mission equipment for specialty aerospace and defense applications. Breeze-Eastern has a market cap of $99.7 million and is part of the materials & construction industry. Shares are up 2.9% year-to-date as of the close of trading on Wednesday.

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TheStreet Ratings rates Breeze-Eastern 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, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from TheStreet Ratings analysis on BZC go as follows:

  • BZC's revenue growth has slightly outpaced the industry average of 0.5%. Since the same quarter one year prior, revenues slightly increased by 2.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • BZC 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. To add to this, BZC has a quick ratio of 2.04, which demonstrates the ability of the company to cover short-term liquidity needs.
  • BREEZE-EASTERN 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. During the past fiscal year, BREEZE-EASTERN CORP increased its bottom line by earning $0.58 versus $0.42 in the prior year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Aerospace & Defense industry. The net income increased by 441.6% when compared to the same quarter one year prior, rising from $1.67 million to $9.04 million.

You can view the full analysis from the report here: Breeze-Eastern Ratings Report

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India Globalization Capital ( IGC) was another company that pushed the Industrial Goods sector lower today. India Globalization Capital was down $0.02 (4.4%) to $0.45 on light volume. Throughout the day, 10,206 shares of India Globalization Capital exchanged hands as compared to its average daily volume of 42,900 shares. The stock ranged in price between $0.45-$0.47 after having opened the day at $0.45 as compared to the previous trading day's close of $0.47.

India Globalization Capital has a market cap of $6.9 million and is part of the materials & construction industry. Shares are down 31.7% year-to-date as of the close of trading on Wednesday.

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