The Conglomerates sector as a whole closed the day down 0.9% versus the S&P 500, which was down 0.3%. Laggards within the Conglomerates sector included Pangaea Logistics Solutions ( PANL), down 1.5%, Glori Energy ( GLRI), down 8.1%, RMG Networks ( RMGN), down 5.1%, Dex Media ( DXM), down 16.8% and Nacco Industries ( NC), down 3.4%.

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

RMG Networks ( RMGN) is one of the companies that pushed the Conglomerates sector lower today. RMG Networks was down $0.05 (5.1%) to $0.93 on light volume. Throughout the day, 7,800 shares of RMG Networks exchanged hands as compared to its average daily volume of 170,700 shares. The stock ranged in price between $0.91-$0.94 after having opened the day at $0.94 as compared to the previous trading day's close of $0.98.

RMG Networks Holding Corporation provides enterprise-class digital signage solutions and media applications. RMG Networks has a market cap of $35.7 million and is part of the conglomerates industry. Shares are down 21.6% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates RMG Networks as a sell. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on RMGN go as follows:

  • Net operating cash flow has declined marginally to -$2.34 million or 0.90% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • RMGN'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 55.81%, 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.
  • RMG NETWORKS HOLDING CORP 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, RMG NETWORKS HOLDING CORP reported poor results of -$5.74 versus -$2.77 in the prior year.
  • RMGN's debt-to-equity ratio is very low at 0.03 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 0.97 is somewhat weak and could be cause for future problems.
  • Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, RMG NETWORKS HOLDING CORP's return on equity significantly trails that of both the industry average and the S&P 500.

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

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At the close, Glori Energy ( GLRI) was down $0.12 (8.1%) to $1.30 on light volume. Throughout the day, 31,245 shares of Glori Energy exchanged hands as compared to its average daily volume of 102,300 shares. The stock ranged in price between $1.30-$1.53 after having opened the day at $1.53 as compared to the previous trading day's close of $1.42.

Glori Energy Inc., an energy technology and oil production company, provides services to third party oil companies. The company operates through AERO Services, and Oil and Gas segments. Glori Energy has a market cap of $46.1 million and is part of the conglomerates industry. Shares are down 66.2% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Glori Energy a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Glori Energy as a sell. Among the areas we feel are negative, one of the most important has been generally deteriorating net income.

Highlights from TheStreet Ratings analysis on GLRI 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 Energy Equipment & Services industry. The net income has significantly decreased by 336.3% when compared to the same quarter one year ago, falling from -$0.68 million to -$2.98 million.
  • GLORI ENERGY 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 year, the market expects an improvement in earnings (-$0.33 versus -$0.61).
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 81.52%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 200.00% compared to the year-earlier quarter.
  • Compared to other companies in the Energy Equipment & Services industry and the overall market, GLORI ENERGY INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The current debt-to-equity ratio, 0.44, is low and is below the industry average, implying that there has been successful management of debt levels. Along with this, the company maintains a quick ratio of 6.41, which clearly demonstrates the ability to cover short-term cash needs.

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

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Pangaea Logistics Solutions ( PANL) was another company that pushed the Conglomerates sector lower today. Pangaea Logistics Solutions was down $0.05 (1.5%) to $3.25 on light volume. Throughout the day, 100 shares of Pangaea Logistics Solutions exchanged hands as compared to its average daily volume of 10,300 shares. The stock ranged in price between $3.25-$3.25 after having opened the day at $3.25 as compared to the previous trading day's close of $3.30.

Pangaea Logistics Solutions has a market cap of $115.0 million and is part of the conglomerates industry. Shares are down 30.5% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Pangaea Logistics Solutions a buy, 1 analyst rates it a sell, and 4 rate it a hold.

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