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The Industrial industry as a whole closed the day down 1.7% versus the S&P 500, which was down 1.7%. Laggards within the Industrial industry included Taylor Devices ( TAYD), down 2.7%, NF Energy Saving ( NFEC), down 2.5%, Continental Materials ( CUO), down 6.4%, China BAK Battery ( CBAK), down 1.6% and MFRI ( MFRI), down 2.8%.

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

MFRI ( MFRI) is one of the companies that pushed the Industrial industry lower today. MFRI was down $0.18 (2.8%) to $6.21 on light volume. Throughout the day, 9,333 shares of MFRI exchanged hands as compared to its average daily volume of 19,200 shares. The stock ranged in price between $6.12-$6.30 after having opened the day at $6.21 as compared to the previous trading day's close of $6.39.

MFRI, Inc., together with its subsidiaries, manufactures and sells piping systems and filtration products. The company's Piping Systems segment engineers, designs, manufactures, and sells specialty piping leak detection and location systems. MFRI has a market cap of $46.4 million and is part of the consumer goods sector. Shares are down 8.8% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates MFRI as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself.

Highlights from TheStreet Ratings analysis on MFRI go as follows:

  • The current debt-to-equity ratio, 0.38, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.40, which illustrates the ability to avoid short-term cash problems.
  • MFRI 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 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, MFRI INC turned its bottom line around by earning $1.80 versus -$3.00 in the prior year.
  • 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 Machinery industry. The net income has significantly decreased by 105.0% when compared to the same quarter one year ago, falling from $7.39 million to -$0.37 million.
  • The gross profit margin for MFRI INC is rather low; currently it is at 18.53%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -0.84% trails that of the industry average.

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

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At the close, China BAK Battery ( CBAK) was down $0.04 (1.6%) to $2.46 on light volume. Throughout the day, 21,966 shares of China BAK Battery exchanged hands as compared to its average daily volume of 40,300 shares. The stock ranged in price between $2.41-$2.51 after having opened the day at $2.42 as compared to the previous trading day's close of $2.50.

China BAK Battery, Inc., together with its subsidiaries, focuses on developing, manufacturing, and selling energy high power lithium batteries in China and internationally. China BAK Battery has a market cap of $31.8 million and is part of the consumer goods sector. Shares are up 36.2% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates China BAK Battery 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk.

Highlights from TheStreet Ratings analysis on CBAK go as follows:

  • CHINA BAK BATTERY 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, CHINA BAK BATTERY INC continued to lose money by earning -$2.12 versus -$9.18 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 Electronic Equipment, Instruments & Components industry. The net income increased by 429.2% when compared to the same quarter one year prior, rising from -$5.28 million to $17.39 million.
  • Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, CHINA BAK BATTERY INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Despite currently having a low debt-to-equity ratio of 0.46, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 0.34 is very low and demonstrates very weak liquidity.
  • CBAK'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 31.97%, 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.

You can view the full analysis from the report here: China BAK Battery Ratings Report

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NF Energy Saving ( NFEC) was another company that pushed the Industrial industry lower today. NF Energy Saving was down $0.05 (2.5%) to $2.02 on light volume. Throughout the day, 3,425 shares of NF Energy Saving exchanged hands as compared to its average daily volume of 36,400 shares. The stock ranged in price between $1.87-$2.10 after having opened the day at $1.87 as compared to the previous trading day's close of $2.07.

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 $12.0 million and is part of the consumer goods sector. Shares are up 32.1% year-to-date as of the close of trading on Monday.

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.

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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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