The Technology sector as a whole closed the day down 0.5% versus the S&P 500, which was down 0.3%. Laggards within the Technology sector included

ModSys International

(

MDSY

), down 13.5%,

UBIC

(

UBIC

), down 2.4%,

Glowpoint

(

GLOW

), down 5.2%,

Trio-Tech International

(

TRT

), down 2.4% and

Issuer Direct

(

ISDR

), down 10.7%.

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

Bitauto Holdings

(

BITA

) is one of the companies that pushed the Technology sector lower today. Bitauto Holdings was down $6.73 (18.0%) to $30.64 on heavy volume. Throughout the day, 2,636,911 shares of Bitauto Holdings exchanged hands as compared to its average daily volume of 952,300 shares. The stock ranged in price between $30.51-$35.30 after having opened the day at $34.53 as compared to the previous trading day's close of $37.37.

Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry in the People's Republic of China. The company operates in four segments: bitauto.com Advertising Business, EP Platform Business, taoche.com Business, and Digital Marketing Solutions Business. Bitauto Holdings has a market cap of $2.3 billion and is part of the internet industry. Shares are down 46.9% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Bitauto Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates

Bitauto Holdings

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from TheStreet Ratings analysis on BITA go as follows:

  • BITA's very impressive revenue growth greatly exceeded the industry average of 6.2%. Since the same quarter one year prior, revenues leaped by 99.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • BITA 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 4.88, which clearly demonstrates the ability to cover short-term cash needs.
  • The gross profit margin for BITAUTO HOLDINGS LTD -ADR is rather high; currently it is at 68.06%. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, BITA's net profit margin of -0.68% significantly underperformed when compared to the industry average.
  • BITAUTO HOLDINGS LTD -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. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, BITAUTO HOLDINGS LTD -ADR increased its bottom line by earning $1.75 versus $0.95 in the prior year. For the next year, the market is expecting a contraction of 40.0% in earnings ($1.05 versus $1.75).
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 29.01%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 114.28% 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 is one of the factors that makes this stock an attractive investment.

You can view the full analysis from the report here:

Bitauto Holdings Ratings Report

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At the close,

Glowpoint

(

GLOW

) was down $0.04 (5.2%) to $0.73 on light volume. Throughout the day, 1,383 shares of Glowpoint exchanged hands as compared to its average daily volume of 9,200 shares. The stock ranged in price between $0.73-$0.76 after having opened the day at $0.76 as compared to the previous trading day's close of $0.77.

Glowpoint has a market cap of $27.8 million and is part of the internet industry. Shares are down 30.0% year-to-date as of the close of trading on Thursday.

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UBIC

(

UBIC

) was another company that pushed the Technology sector lower today. UBIC was down $0.32 (2.4%) to $13.23 on heavy volume. Throughout the day, 2,202 shares of UBIC exchanged hands as compared to its average daily volume of 400 shares. The stock ranged in price between $13.23-$13.23 after having opened the day at $13.23 as compared to the previous trading day's close of $13.55.

UBIC has a market cap of $240.5 million and is part of the internet industry. Shares are up 0.8% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates UBIC a buy, no analysts rate it a sell, and none rate it a hold.

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