The Conglomerates sector as a whole closed the day down 1.1% versus the S&P 500, which was down 1.7%. Laggards within the Conglomerates sector included Pingtan Marine Enterprise ( PME), down 1.9%, Pangaea Logistics Solutions ( PANL), down 4.5%, Rare Element Resources ( REE), down 3.2%, Glori Energy ( GLRI), down 6.0% and Jason Industries ( JASN), down 3.4%.

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

Glori Energy ( GLRI) is one of the companies that pushed the Conglomerates sector lower today. Glori Energy was down $0.07 (6.0%) to $1.09 on average volume. Throughout the day, 98,962 shares of Glori Energy exchanged hands as compared to its average daily volume of 101,800 shares. The stock ranged in price between $1.09-$1.35 after having opened the day at $1.35 as compared to the previous trading day's close of $1.16.

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 $38.8 million and is part of the conglomerates industry. Shares are down 72.2% 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.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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 84.70%, 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

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

At the close, Rare Element Resources ( REE) was down $0.01 (3.2%) to $0.38 on average volume. Throughout the day, 99,526 shares of Rare Element Resources exchanged hands as compared to its average daily volume of 96,300 shares. The stock ranged in price between $0.36-$0.41 after having opened the day at $0.39 as compared to the previous trading day's close of $0.39.

Rare Element Resources has a market cap of $19.4 million and is part of the conglomerates industry. Shares are up 2.6% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Rare Element Resources a buy, no analysts rate it a sell, and none rate it a hold.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Pangaea Logistics Solutions ( PANL) was another company that pushed the Conglomerates sector lower today. Pangaea Logistics Solutions was down $0.15 (4.5%) to $3.21 on light volume. Throughout the day, 2,733 shares of Pangaea Logistics Solutions exchanged hands as compared to its average daily volume of 7,100 shares. The stock ranged in price between $3.21-$3.34 after having opened the day at $3.33 as compared to the previous trading day's close of $3.36.

Pangaea Logistics Solutions has a market cap of $116.5 million and is part of the conglomerates industry. Shares are down 29.3% 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.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.