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.

One out of the three major indices traded up today Two out of the three major indices traded up today The three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 13 points (0.1%) at 16,818 as of Monday, Oct. 27, 2014, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,318 issues advancing vs. 1,749 declining with 148 unchanged.

The Technology sector as a whole closed the day down 0.2% versus the S&P 500, which was down 0.2%. Top gainers within the Technology sector included Cover-All Technologies ( COVR), up 4.2%, Data I/O ( DAIO), up 1.6%, Internet Gold Golden Lines ( IGLD), up 2.2%, Aehr Test Systems ( AEHR), up 2.0% and Optical Cable ( OCC), up 3.1%.

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

Internet Gold Golden Lines ( IGLD) is one of the companies that pushed the Technology sector higher today. Internet Gold Golden Lines was up $0.20 (2.2%) to $9.25 on light volume. Throughout the day, 1,533 shares of Internet Gold Golden Lines exchanged hands as compared to its average daily volume of 4,300 shares. The stock ranged in a price between $9.20-$9.25 after having opened the day at $9.20 as compared to the previous trading day's close of $9.05.

Internet Gold Golden Lines has a market cap of $170.1 million and is part of the telecommunications industry. Shares are up 5.7% year-to-date as of the close of trading on Friday.

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At the close, Data I/O ( DAIO) was up $0.05 (1.6%) to $3.10 on light volume. Throughout the day, 5,454 shares of Data I/O exchanged hands as compared to its average daily volume of 11,700 shares. The stock ranged in a price between $3.01-$3.10 after having opened the day at $3.01 as compared to the previous trading day's close of $3.05.

Data I/O Corporation designs, manufactures, and sells programming systems for electronic device manufacturers worldwide. The company's programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs. Data I/O has a market cap of $23.9 million and is part of the telecommunications industry. Shares are up 18.7% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Data I/O a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Data I/O 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 increase in stock price during the past year. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

Highlights from TheStreet Ratings analysis on DAIO go as follows:

  • DAIO's revenue growth has slightly outpaced the industry average of 3.5%. Since the same quarter one year prior, revenues slightly increased by 6.2%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • DAIO 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. To add to this, DAIO has a quick ratio of 2.37, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The gross profit margin for DATA I/O CORP is rather high; currently it is at 56.83%. Regardless of DAIO's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, DAIO's net profit margin of 7.98% compares favorably to the industry average.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, DATA I/O 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 $0.02 million or 94.58% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

You can view the full analysis from the report here: Data I/O Ratings Report

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Cover-All Technologies ( COVR) was another company that pushed the Technology sector higher today. Cover-All Technologies was up $0.05 (4.2%) to $1.14 on light volume. Throughout the day, 300 shares of Cover-All Technologies exchanged hands as compared to its average daily volume of 22,800 shares. The stock ranged in a price between $1.14-$1.14 after having opened the day at $1.14 as compared to the previous trading day's close of $1.09.

Cover-All Technologies Inc., through its subsidiary, Cover-All Systems, Inc., licenses and maintains software products for the property/casualty insurance industry in the United States and Puerto Rico. Cover-All Technologies has a market cap of $29.1 million and is part of the telecommunications industry. Shares are down 22.0% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Cover-All Technologies a buy, no analysts rate it a sell, and none rate it a hold.

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

Highlights from TheStreet Ratings analysis on COVR go as follows:

  • Net operating cash flow has decreased to $1.35 million or 49.22% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • COVR has underperformed the S&P 500 Index, declining 12.80% 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.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Software industry and the overall market, COVER-ALL TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • 47.81% is the gross profit margin for COVER-ALL TECHNOLOGIES INC which we consider to be strong. Regardless of COVR's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, COVR's net profit margin of 6.55% is significantly lower than the industry average.
  • COVER-ALL TECHNOLOGIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. During the past fiscal year, COVER-ALL TECHNOLOGIES INC continued to lose money by earning -$0.10 versus -$0.20 in the prior year.

You can view the full analysis from the report here: Cover-All 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.

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.