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The Technology sector as a whole closed the day down 1.3% versus the S&P 500, which was down 0.9%. Laggards within the Technology sector included GRAVITY ( GRVY), down 3.3%, Bel Fuse ( BELFA), down 4.4%, Formula Systems (1985 ( FORTY), down 1.8%, Video Display ( VIDE), down 3.9% and QAD ( QADB), down 10.2%.

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

BT Group ( BT) is one of the companies that pushed the Technology sector lower today. BT Group was down $1.16 (1.9%) to $58.60 on average volume. Throughout the day, 163,081 shares of BT Group exchanged hands as compared to its average daily volume of 152,300 shares. The stock ranged in price between $58.29-$59.45 after having opened the day at $59.29 as compared to the previous trading day's close of $59.76.

BT Group plc provides communications services worldwide. The company operates through BT Global Services, BT Business, BT Consumer, BT Wholesale, and Openreach segments. BT Group has a market cap of $50.0 billion and is part of the telecommunications industry. Shares are down 3.6% year-to-date as of the close of trading on Monday. Currently there are 4 analysts who rate BT Group a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates BT Group as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including unimpressive growth in net income, relatively poor performance when compared with the S&P 500 during the past year and weak operating cash flow.

Highlights from TheStreet Ratings analysis on BT go as follows:

  • BT GROUP PLC' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, BT GROUP PLC increased its bottom line by earning $4.09 versus $3.60 in the prior year. This year, the market expects an improvement in earnings ($4.36 versus $4.09).
  • BT, with its decline in revenue, underperformed when compared the industry average of 0.7%. Since the same quarter one year prior, revenues fell by 11.4%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • The gross profit margin for BT GROUP PLC is currently lower than what is desirable, coming in at 32.75%. Regardless of BT's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, BT's net profit margin of 10.03% compares favorably to the industry average.
  • In its most recent trading session, BT 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. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
  • 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 Diversified Telecommunication Services industry. The net income has significantly decreased by 33.3% when compared to the same quarter one year ago, falling from $1,025.30 million to $684.38 million.

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

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At the close, QAD ( QADB) was down $1.96 (10.2%) to $17.24 on heavy volume. Throughout the day, 4,597 shares of QAD exchanged hands as compared to its average daily volume of 1,000 shares. The stock ranged in price between $16.56-$19.20 after having opened the day at $19.20 as compared to the previous trading day's close of $19.20.

QAD Inc. provides enterprise software solutions for manufacturers in the automotive, consumer products, food and beverage, high technology, industrial products, and life sciences industries Worldwide. QAD has a market cap of $60.0 million and is part of the telecommunications industry. Shares are up 2.1% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates QAD a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates QAD as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from TheStreet Ratings analysis on QADB go as follows:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 148.4% when compared to the same quarter one year prior, rising from $2.05 million to $5.09 million.
  • QADB's revenue growth trails the industry average of 26.4%. Since the same quarter one year prior, revenues rose by 12.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • QADB's debt-to-equity ratio is very low at 0.22 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.04, which illustrates the ability to avoid short-term cash problems.
  • Powered by its strong earnings growth of 130.76% and other important driving factors, this stock has surged by 25.06% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.

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

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Bel Fuse ( BELFA) was another company that pushed the Technology sector lower today. Bel Fuse was down $1.00 (4.4%) to $21.74 on light volume. Throughout the day, 150 shares of Bel Fuse exchanged hands as compared to its average daily volume of 600 shares. The stock ranged in price between $21.74-$21.74 after having opened the day at $21.74 as compared to the previous trading day's close of $22.74.

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 $48.5 million and is part of the telecommunications industry. Shares are down 5.2% year-to-date as of the close of trading on Monday.

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.

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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.