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The Electronics industry as a whole closed the day down 0.8% versus the S&P 500, which was down 1.3%. Laggards within the Electronics industry included Bel Fuse ( BELFA), down 2.5%, Eltek ( ELTK), down 3.3%, Digital Power ( DPW), down 3.6%, LightPath Technologies ( LPTH), down 1.7% and IEC Electronics ( IEC), down 2.5%.

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

IEC Electronics ( IEC) is one of the companies that pushed the Electronics industry lower today. IEC Electronics was down $0.12 (2.5%) to $4.59 on average volume. Throughout the day, 9,201 shares of IEC Electronics exchanged hands as compared to its average daily volume of 9,700 shares. The stock ranged in price between $4.58-$4.70 after having opened the day at $4.62 as compared to the previous trading day's close of $4.71.

IEC Electronics Corp. provides electronic contract manufacturing services to advanced technology companies in the United States. IEC Electronics has a market cap of $46.0 million and is part of the technology sector. Shares are down 0.8% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts who rate IEC Electronics a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates IEC Electronics as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins.

Highlights from TheStreet Ratings analysis on IEC go as follows:

  • The debt-to-equity ratio of 1.03 is relatively high when compared with the industry average, suggesting a need for better debt level management. Along with the unfavorable debt-to-equity ratio, IEC maintains a poor quick ratio of 0.92, which illustrates the inability to avoid short-term cash problems.
  • The gross profit margin for IEC ELECTRONICS CORP is currently extremely low, coming in at 14.01%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -1.24% is significantly below that of 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, IEC ELECTRONICS CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • IEC, with its decline in revenue, slightly underperformed the industry average of 0.6%. Since the same quarter one year prior, revenues slightly dropped by 8.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Net operating cash flow has significantly increased by 254.41% to $5.06 million when compared to the same quarter last year. In addition, IEC ELECTRONICS CORP has also vastly surpassed the industry average cash flow growth rate of 31.41%.

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

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At the close, LightPath Technologies ( LPTH) was down $0.02 (1.7%) to $1.14 on light volume. Throughout the day, 15,652 shares of LightPath Technologies exchanged hands as compared to its average daily volume of 21,900 shares. The stock ranged in price between $1.10-$1.14 after having opened the day at $1.12 as compared to the previous trading day's close of $1.16.

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. LightPath Technologies has a market cap of $16.4 million and is part of the technology sector. Shares are up 27.5% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates LightPath Technologies a buy, no analysts rate it a sell, and none rate it a hold.

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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

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Bel Fuse ( BELFA) was another company that pushed the Electronics industry lower today. Bel Fuse was down $0.53 (2.5%) to $21.00 on heavy volume. Throughout the day, 2,566 shares of Bel Fuse exchanged hands as compared to its average daily volume of 400 shares. The stock ranged in price between $20.82-$21.19 after having opened the day at $20.82 as compared to the previous trading day's close of $21.53.

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 $47.1 million and is part of the technology sector. Shares are down 9.8% year-to-date as of the close of trading on Tuesday.

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 5.7%. 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 a year ago today, the stock is now trading at a higher level, regardless of 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

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