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 are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 14.32 points (-0.1%) at 16,933 as of Monday, June 23, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 1,387 issues advancing vs. 1,632 declining with 133 unchanged.

The Technology sector as a whole closed the day down 0.1% versus the S&P 500, which was down 0.1%. Top gainers within the Technology sector included CounterPath ( CPAH), up 1.8%, Qualstar ( QBAK), up 7.9%, LightPath Technologies ( LPTH), up 2.3%, Advanced Photonix ( API), up 1.7% and Bsquare ( BSQR), up 4.1%.

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

LightPath Technologies ( LPTH) is one of the companies that pushed the Technology sector higher today. LightPath Technologies was up $0.03 (2.3%) to $1.33 on light volume. Throughout the day, 13,902 shares of LightPath Technologies exchanged hands as compared to its average daily volume of 22,200 shares. The stock ranged in a price between $1.26-$1.33 after having opened the day at $1.27 as compared to the previous trading day's close of $1.30.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies has a market cap of $18.6 million and is part of the telecommunications industry. Shares are down 4.4% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates LightPath Technologies a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates LightPath Technologies as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

Highlights from TheStreet Ratings analysis on LPTH go as follows:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 9.0%. Since the same quarter one year prior, revenues slightly increased by 5.5%. 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.
  • LPTH's debt-to-equity ratio is very low at 0.00 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, LPTH has a quick ratio of 2.10, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The gross profit margin for LIGHTPATH TECHNOLOGIES INC is rather high; currently it is at 52.55%. Regardless of LPTH's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, LPTH's net profit margin of -4.45% significantly underperformed when compared to the industry average.
  • 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 Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 161.8% when compared to the same quarter one year ago, falling from $0.22 million to -$0.13 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, LIGHTPATH TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.

You can view the full analysis from the report here: LightPath 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.

At the close, Qualstar ( QBAK) was up $0.10 (7.9%) to $1.37 on light volume. Throughout the day, 951 shares of Qualstar exchanged hands as compared to its average daily volume of 9,500 shares. The stock ranged in a price between $1.25-$1.37 after having opened the day at $1.25 as compared to the previous trading day's close of $1.27.

Qualstar Corporation designs, develops, manufactures, and sells power supplies and data storage systems worldwide. The company operates in two segments, Power Supplies and Tape Libraries. Qualstar has a market cap of $16.7 million and is part of the telecommunications industry. Shares are up 12.4% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Qualstar a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Qualstar as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on QBAK go as follows:

  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Computers & Peripherals industry and the overall market, QUALSTAR CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$2.61 million or 191.49% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • QBAK has underperformed the S&P 500 Index, declining 9.40% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • QUALSTAR CORP has improved earnings per share by 33.3% in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, QUALSTAR CORP reported poor results of -$0.85 versus -$0.35 in the prior year.
  • QBAK, with its decline in revenue, underperformed when compared the industry average of 2.4%. Since the same quarter one year prior, revenues fell by 24.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

You can view the full analysis from the report here: Qualstar Ratings Report

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CounterPath ( CPAH) was another company that pushed the Technology sector higher today. CounterPath was up $0.02 (1.8%) to $1.16 on light volume. Throughout the day, 100 shares of CounterPath exchanged hands as compared to its average daily volume of 9,700 shares. The stock ranged in a price between $1.16-$1.16 after having opened the day at $1.16 as compared to the previous trading day's close of $1.14.

CounterPath has a market cap of $49.4 million and is part of the telecommunications industry. Shares are up 9.3% year-to-date as of the close of trading on Friday.

Highlights from TheStreet Ratings analysis on CPAH go as follows:

You can view the full analysis from the report here: CounterPath 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.

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.