Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Computer Hardware industry as a whole closed the day down 1.6% versus the S&P 500, which was down 1.8%. Laggards within the Computer Hardware industry included

Video Display

(

VIDE

), down 1.8%,

Transact Technologies

(

TACT

), down 2.3%,

Astro-Med

(

ALOT

), down 1.8%,

Xplore Technologies

(

XPLR

), down 2.7% and

China TechFaith Wireless Comm Tech

(

CNTF

), down 4.6%.

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

Logitech International

(

LOGI

) is one of the companies that pushed the Computer Hardware industry lower today. Logitech International was down $0.56 (3.7%) to $14.66 on heavy volume. Throughout the day, 804,159 shares of Logitech International exchanged hands as compared to its average daily volume of 512,300 shares. The stock ranged in price between $14.59-$14.91 after having opened the day at $14.85 as compared to the previous trading day's close of $15.22.

Logitech International S.A. designs, manufactures, and markets hardware and software products that enable digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security, and home-entertainment control. Logitech International has a market cap of $2.5 billion and is part of the technology sector. Shares are up 11.2% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Logitech International a buy, no analysts rate it a sell, and 4 rate it a hold.

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TheStreet Ratings rates

Logitech International

as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

Highlights from TheStreet Ratings analysis on LOGI go as follows:

  • LOGITECH INTERNATIONAL SA reported significant earnings per share improvement 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 year. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, LOGITECH INTERNATIONAL SA turned its bottom line around by earning $0.47 versus -$1.42 in the prior year. This year, the market expects an improvement in earnings ($0.77 versus $0.47).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Computers & Peripherals industry. The net income increased by 134.4% when compared to the same quarter one year prior, rising from -$33.64 million to $11.58 million.
  • 37.65% is the gross profit margin for LOGITECH INTERNATIONAL SA which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, LOGI's net profit margin of 2.38% significantly trails the industry average.
  • Powered by its strong earnings growth of 133.33% and other important driving factors, this stock has surged by 136.16% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, however, we cannot assume that the stock's past performance is going to drive future results. Quite to the contrary, its sharp appreciation over the last year is one of the factors that should prompt investors to seek better opportunities elsewhere.
  • 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. In comparison to the other companies in the Computers & Peripherals industry and the overall market, LOGITECH INTERNATIONAL SA'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:

Logitech International Ratings Report

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At the close,

China TechFaith Wireless Comm Tech

(

CNTF

) was down $0.07 (4.6%) to $1.44 on light volume. Throughout the day, 45,985 shares of China TechFaith Wireless Comm Tech exchanged hands as compared to its average daily volume of 118,400 shares. The stock ranged in price between $1.44-$1.51 after having opened the day at $1.50 as compared to the previous trading day's close of $1.51.

China Techfaith Wireless Communication Technology Limited is engaged in the original design, development, and sale of mobile handsets in the People's Republic of China and internationally. China TechFaith Wireless Comm Tech has a market cap of $79.5 million and is part of the technology sector. Shares are down 9.6% year-to-date as of the close of trading on Wednesday.

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TheStreet Ratings rates

China TechFaith Wireless Comm Tech

as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on CNTF 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 Computers & Peripherals industry. The net income has significantly decreased by 1045.4% when compared to the same quarter one year ago, falling from $0.31 million to -$2.89 million.
  • 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 Computers & Peripherals industry and the overall market, CHINA TECHFAITH WIRELESS-ADR's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for CHINA TECHFAITH WIRELESS-ADR is currently extremely low, coming in at 9.49%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -10.80% is significantly below that of the industry average.
  • CNTF, with its decline in revenue, underperformed when compared the industry average of 8.6%. Since the same quarter one year prior, revenues slightly dropped by 6.2%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • CHINA TECHFAITH WIRELESS-ADR 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. Stable Earnings per share over the past year indicate the company has sound management over its earnings and share float. During the past fiscal year, CHINA TECHFAITH WIRELESS-ADR continued to lose money by earning -$0.05 versus -$0.06 in the prior year.

You can view the full analysis from the report here:

China TechFaith Wireless Comm Tech Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Transact Technologies

(

TACT

) was another company that pushed the Computer Hardware industry lower today. Transact Technologies was down $0.21 (2.3%) to $9.05 on heavy volume. Throughout the day, 36,457 shares of Transact Technologies exchanged hands as compared to its average daily volume of 8,000 shares. The stock ranged in price between $8.95-$9.53 after having opened the day at $9.16 as compared to the previous trading day's close of $9.26.

TransAct Technologies Incorporated designs, develops, manufactures, and sells transaction-based and specialty printers. Transact Technologies has a market cap of $77.9 million and is part of the technology sector. Shares are down 26.1% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates Transact Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

Transact Technologies

as a

buy

. 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, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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Highlights from TheStreet Ratings analysis on TACT go as follows:

  • TACT 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. To add to this, TACT has a quick ratio of 2.21, which demonstrates the ability of the company to cover short-term liquidity needs.
  • 44.69% is the gross profit margin for TRANSACT TECHNOLOGIES INC which we consider to be strong. Regardless of TACT's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, TACT's net profit margin of 2.89% is significantly lower than the industry average.
  • TACT, with its decline in revenue, underperformed when compared the industry average of 8.6%. Since the same quarter one year prior, revenues slightly dropped by 9.6%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Computers & Peripherals industry and the overall market, TRANSACT TECHNOLOGIES INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.

You can view the full analysis from the report here:

Transact Technologies Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.