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The Technology sector as a whole closed the day up 1.0% versus the S&P 500, which was down 0.2%. Laggards within the Technology sector included Kingtone Wirelessinfo Solution ( KONE), down 7.0%, GRAVITY ( GRVY), down 3.2%, Formula Systems (1985 ( FORTY), down 3.3%, CounterPath ( CPAH), down 2.6% and Bel Fuse ( BELFA), down 1.5%.

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

China Unicom (Hong Kong ( CHU) is one of the companies that pushed the Technology sector lower today. China Unicom (Hong Kong was down $0.47 (3.3%) to $13.72 on average volume. Throughout the day, 323,145 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 380,700 shares. The stock ranged in price between $13.66-$13.90 after having opened the day at $13.76 as compared to the previous trading day's close of $14.19.

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, broadband and other Internet-related, information communications technology, and business and data communications services in China. China Unicom (Hong Kong has a market cap of $34.6 billion and is part of the telecommunications industry. Shares are down 3.5% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates China Unicom (Hong Kong a buy, no analysts rate it a sell, and 2 rate it a hold.

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TheStreet Ratings rates China Unicom (Hong Kong as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from TheStreet Ratings analysis on CHU go as follows:

  • CHINA UNICOM (HONG KONG) LTD has improved earnings per share by 30.0% 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 two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, CHINA UNICOM (HONG KONG) LTD increased its bottom line by earning $0.71 versus $0.47 in the prior year. This year, the market expects an improvement in earnings ($0.86 versus $0.71).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Diversified Telecommunication Services industry average. The net income increased by 28.0% when compared to the same quarter one year prior, rising from $501.97 million to $642.67 million.
  • 36.85% is the gross profit margin for CHINA UNICOM (HONG KONG) LTD which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 5.85% trails the industry average.
  • 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 Diversified Telecommunication Services industry and the overall market, CHINA UNICOM (HONG KONG) LTD's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • CHU has underperformed the S&P 500 Index, declining 5.50% from its price level of one year ago. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.

You can view the full analysis from the report here: China Unicom (Hong Kong Ratings Report

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At the close, Bel Fuse ( BELFA) was down $0.36 (1.5%) to $23.39 on average volume. Throughout the day, 600 shares of Bel Fuse exchanged hands as compared to its average daily volume of 800 shares. The stock ranged in price between $23.39-$23.75 after having opened the day at $23.75 as compared to the previous trading day's close of $23.75.

Bel Fuse Inc. designs, manufactures, and sells products used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries worldwide. Bel Fuse has a market cap of $51.7 million and is part of the telecommunications industry. Shares are up 22.2% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Bel Fuse as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins.

Highlights from TheStreet Ratings analysis on BELFA go as follows:

  • BELFA's very impressive revenue growth greatly exceeded the industry average of 5.7%. Since the same quarter one year prior, revenues leaped by 54.5%. 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.
  • Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Looking ahead, our view is that this company's fundamentals will not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
  • Net operating cash flow has decreased to $6.24 million or 37.09% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, BEL FUSE INC has marginally lower results.
  • 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 Communications Equipment industry. The net income has significantly decreased by 79.6% when compared to the same quarter one year ago, falling from $7.38 million to $1.51 million.

You can view the full analysis from the report here: Bel Fuse 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.

CounterPath ( CPAH) was another company that pushed the Technology sector lower today. CounterPath was down $0.02 (2.6%) to $0.76 on light volume. Throughout the day, 7,250 shares of CounterPath exchanged hands as compared to its average daily volume of 19,900 shares. The stock ranged in price between $0.74-$0.80 after having opened the day at $0.80 as compared to the previous trading day's close of $0.78.

CounterPath has a market cap of $34.9 million and is part of the telecommunications industry. Shares are down 23.4% year-to-date as of the close of trading on Monday. Currently there are no analysts who rate CounterPath a buy, 1 analyst rates 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.