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 323.28 points (-1.8%) at 17,510 as of Monday, Jan. 5, 2015, 3:25 PM ET. The NYSE advances/declines ratio sits at 657 issues advancing vs. 2,433 declining with 104 unchanged.

The Technology sector as a whole closed the day down 1.3% versus the S&P 500, which was down 1.9%. Top gainers within the Technology sector included BluePhoenix Solutions ( BPHX), up 1.8%, GRAVITY ( GRVY), up 3.5%, Bel Fuse ( BELFA), up 1.9%, LightPath Technologies ( LPTH), up 2.8% and CounterPath ( CPAH), up 10.5%.

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 $0.02 (2.8%) to $0.91 on light volume. Throughout the day, 8,980 shares of LightPath Technologies exchanged hands as compared to its average daily volume of 15,400 shares. The stock ranged in a price between $0.89-$0.91 after having opened the day at $0.89 as compared to the previous trading day's close of $0.89.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies has a market cap of $13.0 million and is part of the electronics industry. Shares are down 2.2% 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.

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 LightPath Technologies as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from TheStreet Ratings analysis on LPTH go as follows:

  • LIGHTPATH TECHNOLOGIES INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, LIGHTPATH TECHNOLOGIES INC swung to a loss, reporting -$0.02 versus $0.02 in the prior year. For the next year, the market is expecting a contraction of 100.0% in earnings (-$0.04 versus -$0.02).
  • 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 623.8% when compared to the same quarter one year ago, falling from -$0.08 million to -$0.58 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.
  • Net operating cash flow has significantly decreased to -$0.10 million or 139.84% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • 42.53% is the gross profit margin for LIGHTPATH TECHNOLOGIES INC which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, LPTH's net profit margin of -22.24% significantly underperformed when compared to the industry average.

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, Bel Fuse ( BELFA) was up $0.43 (1.9%) to $22.74 on average volume. Throughout the day, 623 shares of Bel Fuse exchanged hands as compared to its average daily volume of 600 shares. The stock ranged in a price between $22.74-$24.66 after having opened the day at $24.66 as compared to the previous trading day's close of $22.31.

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 $52.2 million and is part of the electronics industry. Shares are unchanged year-to-date as of the close of trading on Friday. Currently there are no analysts who rate Bel Fuse a buy, no analysts rate it a sell, and none rate 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 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 solid stock price performance. 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 5.5%. 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.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. 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.

BluePhoenix Solutions ( BPHX) was another company that pushed the Technology sector higher today. BluePhoenix Solutions was up $0.06 (1.8%) to $3.46 on average volume. Throughout the day, 2,580 shares of BluePhoenix Solutions exchanged hands as compared to its average daily volume of 2,100 shares. The stock ranged in a price between $3.25-$3.46 after having opened the day at $3.38 as compared to the previous trading day's close of $3.40.

BluePhoenix Solutions has a market cap of $41.1 million and is part of the electronics industry. Shares are unchanged 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.