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The Telecommunications industry as a whole closed the day down 1.4% versus the S&P 500, which was down 1.9%. Laggards within the Telecommunications industry included

Sajan

(

SAJA

), down 8.4%,

Glowpoint

(

GLOW

), down 4.6%,

RIT Technologies

(

RITT

), down 6.4%,

Internet Gold Golden Lines

(

IGLD

), down 3.8% and

Internet Initiative Japan

(

IIJI

), down 3.3%.

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

RIT Technologies

(

RITT

) is one of the companies that pushed the Telecommunications industry lower today. RIT Technologies was down $0.06 (6.4%) to $0.92 on light volume. Throughout the day, 8,608 shares of RIT Technologies exchanged hands as compared to its average daily volume of 31,700 shares. The stock ranged in price between $0.92-$1.00 after having opened the day at $1.00 as compared to the previous trading day's close of $0.98.

RIT Technologies has a market cap of $12.3 million and is part of the technology sector. Shares are unchanged year-to-date as of the close of trading on Friday.

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

At the close,

Glowpoint

(

GLOW

) was down $0.05 (4.6%) to $1.04 on light volume. Throughout the day, 5,525 shares of Glowpoint exchanged hands as compared to its average daily volume of 22,000 shares. The stock ranged in price between $1.02-$1.09 after having opened the day at $1.02 as compared to the previous trading day's close of $1.09.

Glowpoint has a market cap of $39.4 million and is part of the technology sector. Shares are unchanged year-to-date as of the close of trading on Friday.

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

Sajan

(

SAJA

) was another company that pushed the Telecommunications industry lower today. Sajan was down $0.48 (8.4%) to $5.21 on heavy volume. Throughout the day, 7,107 shares of Sajan exchanged hands as compared to its average daily volume of 3,900 shares. The stock ranged in price between $5.21-$5.53 after having opened the day at $5.53 as compared to the previous trading day's close of $5.69.

Sajan has a market cap of $27.0 million and is part of the technology sector. Shares are unchanged year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Sajan a buy, no analysts rate it a sell, and none rate it a hold.

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