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.

All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 121 points (0.7%) at 17,751 as of Wednesday, July 29, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,248 issues advancing vs. 830 declining with 135 unchanged.

The Transportation industry as a whole closed the day up 2.0% versus the S&P 500, which was up 0.7%. Top gainers within the Transportation industry included Globus Maritime ( GLBS), up 8.9%, PHI ( PHII), up 2.5%, Pangaea Logistics Solutions ( PANL), up 1.8%, Box Ships ( TEU), up 1.5% and Rand Logistics ( RLOG), up 2.5%.

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

Pangaea Logistics Solutions ( PANL) is one of the companies that pushed the Transportation industry higher today. Pangaea Logistics Solutions was up $0.06 (1.8%) to $3.35 on light volume. Throughout the day, 6,961 shares of Pangaea Logistics Solutions exchanged hands as compared to its average daily volume of 10,300 shares. The stock ranged in a price between $3.25-$3.38 after having opened the day at $3.35 as compared to the previous trading day's close of $3.29.

Pangaea Logistics Solutions has a market cap of $114.4 million and is part of the services sector. Shares are down 30.7% year-to-date as of the close of trading on Tuesday.

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At the close, PHI ( PHII) was up $0.75 (2.5%) to $30.50 on light volume. Throughout the day, 600 shares of PHI exchanged hands as compared to its average daily volume of 900 shares. The stock ranged in a price between $30.50-$30.68 after having opened the day at $30.68 as compared to the previous trading day's close of $29.75.

PHI, Inc., together with its subsidiaries, provides transportation services to, from, and among offshore facilities involved in the oil and gas exploration, development, and production industry in North America, West Africa, and the Middle East. PHI has a market cap of $86.4 million and is part of the services sector. Shares are down 17.4% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate PHI a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates PHI 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and poor profit margins.

Highlights from TheStreet Ratings analysis on PHII go as follows:

  • The revenue growth came in higher than the industry average of 22.1%. Since the same quarter one year prior, revenues slightly increased by 3.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The debt-to-equity ratio is somewhat low, currently at 0.89, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Along with this, the company maintains a quick ratio of 4.11, which clearly demonstrates the ability to cover short-term cash needs.
  • PHI INC reported significant earnings per share improvement in the most recent quarter compared to 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, PHI INC reported lower earnings of $2.08 versus $3.77 in the prior year.
  • PHII has underperformed the S&P 500 Index, declining 19.40% 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.
  • 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. In comparison to the other companies in the Energy Equipment & Services industry and the overall market, PHI INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.

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

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Globus Maritime ( GLBS) was another company that pushed the Transportation industry higher today. Globus Maritime was up $0.12 (8.9%) to $1.47 on light volume. Throughout the day, 1,500 shares of Globus Maritime exchanged hands as compared to its average daily volume of 4,900 shares. The stock ranged in a price between $1.35-$1.47 after having opened the day at $1.35 as compared to the previous trading day's close of $1.35.

Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. Globus Maritime has a market cap of $13.8 million and is part of the services sector. Shares are down 43.8% year-to-date as of the close of trading on Tuesday. Currently there are no analysts who rate Globus Maritime a buy, no analysts rate it a sell, and none rate it a hold.

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

Highlights from TheStreet Ratings analysis on GLBS go as follows:

  • GLOBUS MARITIME LTD 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. The company has suffered a declining pattern earnings per share over the past two years. During the past fiscal year, GLOBUS MARITIME LTD reported lower earnings of $0.29 versus $0.52 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 Marine industry. The net income has significantly decreased by 405.3% when compared to the same quarter one year ago, falling from $1.08 million to -$3.30 million.
  • 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, GLOBUS MARITIME 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 $0.32 million or 88.78% 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 56.07%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 409.09% 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: Globus Maritime Ratings Report

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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.