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The Technology sector as a whole closed the day up 1.1% versus the S&P 500, which was up 1.0%. Laggards within the Technology sector included Schmitt Industries ( SMIT), down 5.2%, Qualstar ( QBAK), down 5.4%, Trio-Tech International ( TRT), down 6.5%, Intelligent Systems ( INS), down 5.0% and LookSmart ( LOOK), down 6.7%.

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

Realpage ( RP) is one of the companies that pushed the Technology sector lower today. Realpage was down $4.80 (22.4%) to $16.62 on heavy volume. Throughout the day, 8,684,713 shares of Realpage exchanged hands as compared to its average daily volume of 467,400 shares. The stock ranged in price between $15.71-$17.55 after having opened the day at $15.82 as compared to the previous trading day's close of $21.42.

RealPage, Inc. provides on demand software solutions for the rental housing industry in North America. Realpage has a market cap of $1.7 billion and is part of the computer software & services industry. Shares are down 8.4% year-to-date as of the close of trading on Thursday. Currently there are 2 analysts who rate Realpage a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates Realpage as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

Highlights from TheStreet Ratings analysis on RP go as follows:

  • RP's revenue growth has slightly outpaced the industry average of 8.2%. Since the same quarter one year prior, revenues rose by 13.0%. 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.
  • Net operating cash flow has increased to $23.63 million or 37.32% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 10.73%.
  • RP'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. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.99 is somewhat weak and could be cause for future problems.
  • 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 Software industry and the overall market, REALPAGE INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • 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 Software industry. The net income has significantly decreased by 182.1% when compared to the same quarter one year ago, falling from $1.02 million to -$0.84 million.

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

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At the close, LookSmart ( LOOK) was down $0.13 (6.7%) to $1.80 on average volume. Throughout the day, 14,960 shares of LookSmart exchanged hands as compared to its average daily volume of 11,500 shares. The stock ranged in price between $1.78-$2.05 after having opened the day at $1.93 as compared to the previous trading day's close of $1.93.

LookSmart, Ltd. provides search and display advertising network solutions in the United States, Europe, the Middle East, and Africa. LookSmart has a market cap of $11.1 million and is part of the computer software & services industry. Shares are down 6.3% year-to-date as of the close of trading on Thursday.

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TheStreet Ratings rates LookSmart as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, disappointing return on equity and generally disappointing historical performance in the stock itself.

Highlights from TheStreet Ratings analysis on LOOK 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 Internet Software & Services industry. The net income has significantly decreased by 30.1% when compared to the same quarter one year ago, falling from -$1.46 million to -$1.90 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 Internet Software & Services industry and the overall market, LOOKSMART LTD's return on equity significantly trails that of both the industry average and the S&P 500.
  • In its most recent trading session, LOOK has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. 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.
  • LOOKSMART LTD's earnings per share declined by 37.5% 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, LOOKSMART LTD continued to lose money by earning -$0.93 versus -$1.92 in the prior year.
  • The revenue fell significantly faster than the industry average of 21.2%. Since the same quarter one year prior, revenues fell by 47.0%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

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

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Qualstar ( QBAK) was another company that pushed the Technology sector lower today. Qualstar was down $0.07 (5.4%) to $1.23 on average volume. Throughout the day, 6,958 shares of Qualstar exchanged hands as compared to its average daily volume of 6,900 shares. The stock ranged in price between $1.23-$1.29 after having opened the day at $1.25 as compared to the previous trading day's close of $1.30.

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 $15.9 million and is part of the computer software & services industry. Shares are up 15.0% year-to-date as of the close of trading on Thursday.

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.

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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.
  • In its most recent trading session, QBAK has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. 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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