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.

All three major indices traded up today with the

Dow Jones Industrial Average

(

^DJI

) trading up 4 points (0.0%) at 17,515 as of Tuesday, Jan. 20, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,216 issues advancing vs. 1,900 declining with 118 unchanged.

The Telecommunications industry as a whole was unchanged today versus the S&P 500, which was up 0.2%. Top gainers within the Telecommunications industry included

Sajan

(

SAJA

), up 8.7%,

WPCS International

(

WPCS

), up 2.7%,

Internet Initiative Japan

(

IIJI

), up 2.5%,

Optical Cable

(

OCC

), up 3.8% and

Communications Systems

(

JCS

), up 2.5%.

TST Recommends

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Internet Initiative Japan

(

IIJI

) is one of the companies that pushed the Telecommunications industry higher today. Internet Initiative Japan was up $0.25 (2.5%) to $10.33 on average volume. Throughout the day, 5,015 shares of Internet Initiative Japan exchanged hands as compared to its average daily volume of 3,800 shares. The stock ranged in a price between $10.05-$10.35 after having opened the day at $10.05 as compared to the previous trading day's close of $10.08.

Internet Initiative Japan Inc., together with its subsidiaries, offers Internet connectivity, WAN, outsourcing, and systems integration services primarily in Japan. The company operates in two segments: Network Services and Systems Integration Business, and ATM Operation Business. Internet Initiative Japan has a market cap of $926.2 million and is part of the technology sector. Shares are up 0.8% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Internet Initiative Japan a buy, no analysts rate it a sell, and 1 rates 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.

TheStreet Ratings rates Internet Initiative Japan as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

Highlights from TheStreet Ratings analysis on IIJI go as follows:

  • Although IIJI's debt-to-equity ratio of 0.29 is very low, it is currently higher than that of the industry average. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.23, which illustrates the ability to avoid short-term cash problems.
  • The revenue fell significantly faster than the industry average of 28.8%. Since the same quarter one year prior, revenues fell by 13.1%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • 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 Internet Software & Services industry. The net income has significantly decreased by 35.1% when compared to the same quarter one year ago, falling from $12.82 million to $8.32 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. When compared to other companies in the Internet Software & Services industry and the overall market, INTERNET INITIATIVE JAPAN INC's return on equity is below that of both the industry average and the S&P 500.

You can view the full analysis from the report here:

Internet Initiative Japan Ratings Report

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At the close,

WPCS International

(

WPCS

) was up $0.00 (2.7%) to $0.19 on heavy volume. Throughout the day, 432,976 shares of WPCS International exchanged hands as compared to its average daily volume of 183,400 shares. The stock ranged in a price between $0.17-$0.21 after having opened the day at $0.17 as compared to the previous trading day's close of $0.18.

WPCS International has a market cap of $2.6 million and is part of the technology sector. Shares are down 33.5% 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 higher today. Sajan was up $0.51 (8.7%) to $6.35 on average volume. Throughout the day, 5,096 shares of Sajan exchanged hands as compared to its average daily volume of 4,200 shares. The stock ranged in a price between $5.75-$6.35 after having opened the day at $5.84 as compared to the previous trading day's close of $5.84.

Sajan has a market cap of $27.9 million and is part of the technology sector. Shares are up 3.4% year-to-date as of the close of trading on Friday.

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.