The Electronics industry as a whole closed the day up 0.5% versus the S&P 500, which was up 0.1%. Laggards within the Electronics industry included Schmitt Industries ( SMIT), down 3.8%, ATRM Holdings ( ATRM), down 1.7%, Data I/O ( DAIO), down 4.3%, Forward Industries ( FORD), down 32.4% and Sigmatron International ( SGMA), down 2.8%.

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

Mettler-Toledo International ( MTD) is one of the companies that pushed the Electronics industry lower today. Mettler-Toledo International was down $8.09 (2.5%) to $319.41 on heavy volume. Throughout the day, 341,602 shares of Mettler-Toledo International exchanged hands as compared to its average daily volume of 169,900 shares. The stock ranged in price between $316.00-$327.71 after having opened the day at $327.00 as compared to the previous trading day's close of $327.50.

Mettler-Toledo International Inc. supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. Mettler-Toledo International has a market cap of $9.3 billion and is part of the health care sector. Shares are up 8.3% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate Mettler-Toledo International a buy, no analysts rate it a sell, and 7 rate it a hold.

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TheStreet Ratings rates Mettler-Toledo International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from TheStreet Ratings analysis on MTD go as follows:

  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 27.16% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, MTD should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • METTLER-TOLEDO INTL INC has improved earnings per share by 9.6% 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. We feel that this trend should continue. During the past fiscal year, METTLER-TOLEDO INTL INC increased its bottom line by earning $11.48 versus $9.99 in the prior year. This year, the market expects an improvement in earnings ($12.82 versus $11.48).
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Life Sciences Tools & Services industry and the overall market, METTLER-TOLEDO INTL INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • The gross profit margin for METTLER-TOLEDO INTL INC is rather high; currently it is at 56.91%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 13.32% is above that of the industry average.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 5.5%. Since the same quarter one year prior, revenues slightly dropped by 4.4%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

You can view the full analysis from the report here: Mettler-Toledo International Ratings Report

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At the close, Data I/O ( DAIO) was down $0.12 (4.3%) to $2.67 on light volume. Throughout the day, 4,200 shares of Data I/O exchanged hands as compared to its average daily volume of 11,200 shares. The stock ranged in price between $2.65-$2.77 after having opened the day at $2.67 as compared to the previous trading day's close of $2.79.

Data I/O Corporation designs, manufactures, and sells programming systems for electronic device manufacturers worldwide. The company's programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs. Data I/O has a market cap of $21.9 million and is part of the health care sector. Shares are down 17.5% year-to-date as of the close of trading on Tuesday.

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TheStreet Ratings rates Data I/O 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, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income.

Highlights from TheStreet Ratings analysis on DAIO go as follows:

  • DAIO 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. Along with this, the company maintains a quick ratio of 3.14, which clearly demonstrates the ability to cover short-term cash needs.
  • The gross profit margin for DATA I/O CORP is rather high; currently it is at 57.46%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 2.01% trails the industry average.
  • DATA I/O CORP 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, DATA I/O CORP turned its bottom line around by earning $0.14 versus -$0.33 in the prior year.
  • The share price of DATA I/O CORP has not done very well: it is down 11.85% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
  • 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 Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 77.6% when compared to the same quarter one year ago, falling from $0.45 million to $0.10 million.

You can view the full analysis from the report here: Data I/O Ratings Report

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ATRM Holdings ( ATRM) was another company that pushed the Electronics industry lower today. ATRM Holdings was down $0.05 (1.7%) to $2.86 on light volume. Throughout the day, 400 shares of ATRM Holdings exchanged hands as compared to its average daily volume of 6,700 shares. The stock ranged in price between $2.86-$2.86 after having opened the day at $2.86 as compared to the previous trading day's close of $2.91.

ATRM Holdings, Inc., through its subsidiary, KBS Builders, Inc., manufactures, sells, and distributes modular buildings for commercial and residential applications in the New England states. ATRM Holdings has a market cap of $3.5 million and is part of the health care sector. Shares are unchanged year-to-date as of the close of trading on Tuesday.

TheStreet Ratings rates ATRM Holdings 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, weak operating cash flow and generally disappointing historical performance in the stock itself.

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Highlights from TheStreet Ratings analysis on ATRM go as follows:

  • ATRM HOLDINGS 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. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, ATRM HOLDINGS INC reported poor results of -$8.33 versus -$1.99 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 Semiconductors & Semiconductor Equipment industry. The net income has significantly decreased by 657.6% when compared to the same quarter one year ago, falling from -$0.20 million to -$1.49 million.
  • Net operating cash flow has significantly decreased to -$3.02 million or 575.74% 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 42.86%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 160.41% 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: ATRM Holdings Ratings Report

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