The Automotive industry as a whole closed the day down 0.4% versus the S&P 500, which was down 0.2%. Laggards within the Automotive industry included Quantum Fuel Systems Technologies Worldwide ( QTWW), down 4.4%, China Automotive Systems ( CAAS), down 2.0%, Unique Fabricating ( UFAB), down 5.8%, Fuel Systems Solutions ( FSYS), down 1.9% and Spartan Motors ( SPAR), down 2.3%.

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

Unique Fabricating ( UFAB) is one of the companies that pushed the Automotive industry lower today. Unique Fabricating was down $0.72 (5.8%) to $11.78 on light volume. Throughout the day, 28,858 shares of Unique Fabricating exchanged hands as compared to its average daily volume of 53,500 shares. The stock ranged in price between $11.20-$12.50 after having opened the day at $12.50 as compared to the previous trading day's close of $12.50.

Unique Fabricating has a market cap of $117.4 million and is part of the consumer goods sector. Shares are unchanged year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Unique Fabricating a buy, no analysts rate it a sell, and none rate it a hold.

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At the close, China Automotive Systems ( CAAS) was down $0.14 (2.0%) to $6.79 on light volume. Throughout the day, 22,544 shares of China Automotive Systems exchanged hands as compared to its average daily volume of 53,600 shares. The stock ranged in price between $6.73-$6.96 after having opened the day at $6.93 as compared to the previous trading day's close of $6.93.

China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. China Automotive Systems has a market cap of $216.2 million and is part of the consumer goods sector. Shares are down 2.3% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates China Automotive Systems a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates China Automotive Systems as a buy. 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, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from TheStreet Ratings analysis on CAAS go as follows:

  • The revenue growth came in higher than the industry average of 5.3%. Since the same quarter one year prior, revenues slightly increased by 8.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • CAAS's debt-to-equity ratio is very low at 0.14 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.37, which illustrates the ability to avoid short-term cash problems.
  • Net operating cash flow has significantly increased by 158.84% to $4.93 million when compared to the same quarter last year. In addition, CHINA AUTOMOTIVE SYSTEMS INC has also vastly surpassed the industry average cash flow growth rate of -1.97%.
  • CHINA AUTOMOTIVE SYSTEMS INC has improved earnings per share by 8.3% 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. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, CHINA AUTOMOTIVE SYSTEMS INC increased its bottom line by earning $1.15 versus $0.95 in the prior year. For the next year, the market is expecting a contraction of 8.7% in earnings ($1.05 versus $1.15).

You can view the full analysis from the report here: China Automotive Systems Ratings Report

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Quantum Fuel Systems Technologies Worldwide ( QTWW) was another company that pushed the Automotive industry lower today. Quantum Fuel Systems Technologies Worldwide was down $0.07 (4.4%) to $1.52 on average volume. Throughout the day, 90,091 shares of Quantum Fuel Systems Technologies Worldwide exchanged hands as compared to its average daily volume of 114,000 shares. The stock ranged in price between $1.52-$1.67 after having opened the day at $1.59 as compared to the previous trading day's close of $1.59.

Quantum Fuel Systems Technologies Worldwide, Inc. Quantum Fuel Systems Technologies Worldwide has a market cap of $44.0 million and is part of the consumer goods sector. Shares are down 23.9% year-to-date as of the close of trading on Monday. Currently there are 2 analysts who rate Quantum Fuel Systems Technologies Worldwide a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Quantum Fuel Systems Technologies Worldwide as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in 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 QTWW 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 Auto Components industry. The net income has significantly decreased by 45.3% when compared to the same quarter one year ago, falling from -$2.23 million to -$3.25 million.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. Compared to other companies in the Auto Components industry and the overall market, QUANTUM FUEL SYS TECH WORLDW's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for QUANTUM FUEL SYS TECH WORLDW is currently extremely low, coming in at 14.31%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -30.38% is significantly below that of the industry average.
  • Looking at the price performance of QTWW's shares over the past 12 months, there is not much good news to report: the stock is down 69.28%, and it has underformed the S&P 500 Index. In addition, the company's earnings per share are lower today than 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.
  • QUANTUM FUEL SYS TECH WORLDW's earnings per share declined by 20.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, QUANTUM FUEL SYS TECH WORLDW continued to lose money by earning -$0.64 versus -$1.39 in the prior year. This year, the market expects an improvement in earnings (-$0.43 versus -$0.64).

You can view the full analysis from the report here: Quantum Fuel Systems Technologies Worldwide Ratings Report

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