The Transportation industry as a whole closed the day down 2.7% versus the S&P 500, which was down 1.3%. Laggards within the Transportation industry included Globus Maritime ( GLBS), down 5.3%, PHI ( PHII), down 2.4%, Ultrapetrol Bahamas ( ULTR), down 2.8%, Sino-Global Shipping America ( SINO), down 4.2% and Box Ships ( TEU), down 3.2%.

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

Ultrapetrol Bahamas ( ULTR) is one of the companies that pushed the Transportation industry lower today. Ultrapetrol Bahamas was down $0.02 (2.8%) to $0.68 on light volume. Throughout the day, 4,798 shares of Ultrapetrol Bahamas exchanged hands as compared to its average daily volume of 40,000 shares. The stock ranged in price between $0.68-$0.74 after having opened the day at $0.69 as compared to the previous trading day's close of $0.70.

Ultrapetrol (Bahamas) Limited, an industrial shipping company, provides marine transportation services in South America, Europe, Central America, North America, and Asia. The company operates in three segments: River Business, Offshore Supply Business, and Ocean Business. Ultrapetrol Bahamas has a market cap of $109.4 million and is part of the services sector. Shares are down 67.3% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Ultrapetrol Bahamas a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Ultrapetrol Bahamas as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on ULTR go as follows:

  • The debt-to-equity ratio of 1.31 is relatively high when compared with the industry average, suggesting a need for better debt level management. Along with the unfavorable debt-to-equity ratio, ULTR maintains a poor quick ratio of 0.99, which illustrates the inability to avoid short-term cash problems.
  • 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, ULTRAPETROL BAHAMAS 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 $0.90 million or 93.59% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, ULTRAPETROL BAHAMAS LTD has marginally lower results.
  • The gross profit margin for ULTRAPETROL BAHAMAS LTD is currently lower than what is desirable, coming in at 29.49%. Regardless of ULTR's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, ULTR's net profit margin of -6.03% significantly underperformed when compared to the industry average.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 76.82%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 33.33% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

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

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At the close, PHI ( PHII) was down $0.63 (2.4%) to $25.96 on light volume. Throughout the day, 100 shares of PHI exchanged hands as compared to its average daily volume of 600 shares. The stock ranged in price between $25.96-$25.96 after having opened the day at $25.96 as compared to the previous trading day's close of $26.59.

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 $79.5 million and is part of the services sector. Shares are down 26.1% year-to-date as of the close of trading on Wednesday.

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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 22.4%. 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'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 25.49%, 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.
  • 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 lower today. Globus Maritime was down $0.06 (5.3%) to $1.07 on average volume. Throughout the day, 7,426 shares of Globus Maritime exchanged hands as compared to its average daily volume of 6,200 shares. The stock ranged in price between $1.07-$1.15 after having opened the day at $1.15 as compared to the previous trading day's close of $1.13.

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 $12.8 million and is part of the services sector. Shares are down 52.9% year-to-date as of the close of trading on Wednesday.

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.

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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 conjunction, when comparing current results to the industry average, GLOBUS MARITIME LTD has marginally lower results.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 66.88%, 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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