The Industrial Goods sector as a whole closed the day down 0.5% versus the S&P 500, which was down 0.3%. Laggards within the Industrial Goods sector included Moog ( MOG.B), down 2.3%, Asia Pacific Wire & Cable ( APWC), down 4.0%, India Globalization Capital ( IGC), down 20.0%, NF Energy Saving ( NFEC), down 14.4% and Cleantech Solutions International ( CLNT), down 13.9%.

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

Aegion ( AEGN) is one of the companies that pushed the Industrial Goods sector lower today. Aegion was down $0.34 (1.8%) to $18.66 on light volume. Throughout the day, 132,950 shares of Aegion exchanged hands as compared to its average daily volume of 246,500 shares. The stock ranged in price between $18.62-$19.08 after having opened the day at $18.88 as compared to the previous trading day's close of $19.00.

Aegion Corporation engages in the research and development, manufacture, maintenance, construction, installation, coating and insulation, cathodic protection, distribution, and licensing of proprietary technologies and services for the protection and maintenance of infrastructure worldwide. Aegion has a market cap of $681.6 million and is part of the materials & construction industry. Shares are up 2.1% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Aegion a buy, no analysts rate it a sell, and 4 rate it a hold.

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

Highlights from TheStreet Ratings analysis on AEGN go as follows:

  • AEGN's revenue growth has slightly outpaced the industry average of 4.0%. Since the same quarter one year prior, revenues slightly increased by 4.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Net operating cash flow has significantly increased by 153.48% to $70.63 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 114.21%.
  • AEGN's debt-to-equity ratio of 0.60 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. Despite the fact that AEGN's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.86 is high and demonstrates strong liquidity.
  • 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 Construction & Engineering industry and the overall market, AEGION CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for AEGION CORP is rather low; currently it is at 24.81%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 2.57% trails that of the industry average.

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

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At the close, NF Energy Saving ( NFEC) was down $0.20 (14.4%) to $1.19 on heavy volume. Throughout the day, 12,180 shares of NF Energy Saving exchanged hands as compared to its average daily volume of 8,000 shares. The stock ranged in price between $1.13-$1.33 after having opened the day at $1.33 as compared to the previous trading day's close of $1.39.

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 $9.1 million and is part of the materials & construction industry. Shares are down 12.6% year-to-date as of the close of trading on Thursday.

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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, weak operating cash flow, feeble growth in its earnings per share and generally disappointing historical performance in the stock itself.

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 -$0.87 million or 66.47% 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 reported flat earnings per share in the most recent quarter. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, NF ENERGY SAVING CORP reported poor results of -$0.11 versus -$0.03 in the prior year.
  • NFEC'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 43.60%, which is also worse than the performance of the S&P 500 Index. 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.
  • NFEC, with its decline in revenue, underperformed when compared the industry average of 15.1%. Since the same quarter one year prior, revenues fell by 32.5%. Weakness in the company's revenue seems to not be hurting the bottom line, shown by stable earnings per share.

You can view the full analysis from the report here: NF Energy Saving 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 $0.05 (20.0%) to $0.19 on heavy volume. Throughout the day, 152,518 shares of India Globalization Capital exchanged hands as compared to its average daily volume of 29,300 shares. The stock ranged in price between $0.16-$0.24 after having opened the day at $0.22 as compared to the previous trading day's close of $0.24.

India Globalization Capital, Inc., through its subsidiaries, engages in trading electronics; and the rental of heavy equipment in Hong Kong and India. India Globalization Capital has a market cap of $3.9 million and is part of the materials & construction industry. Shares are down 64.3% year-to-date as of the close of trading on Thursday.

TheStreet Ratings rates India Globalization Capital as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself.

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Highlights from TheStreet Ratings analysis on IGC go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and greatly underperformed compared to the Electronic Equipment, Instruments & Components industry average. The net income has significantly decreased by 31.0% when compared to the same quarter one year ago, falling from -$1.46 million to -$1.92 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 Electronic Equipment, Instruments & Components industry and the overall market, INDIA GLOBALIZATION CAPITAL's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for INDIA GLOBALIZATION CAPITAL is currently extremely low, coming in at 5.41%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -85.01% is significantly below that of the industry average.
  • IGC'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 71.85%, 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.
  • IGC's debt-to-equity ratio is very low at 0.22 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 0.74 is somewhat weak and could be cause for future problems.

You can view the full analysis from the report here: India Globalization Capital Ratings Report

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