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 traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 305 points (1.8%) at 17,666 as of Tuesday, Feb. 3, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 2,499 issues advancing vs. 614 declining with 98 unchanged.

The Computer Software & Services industry as a whole closed the day up 1.7% versus the S&P 500, which was up 1.4%. Top gainers within the Computer Software & Services industry included GRAVITY ( GRVY), up 1.8%, CounterPath ( CPAH), up 2.8%, Formula Systems (1985 ( FORTY), up 7.5%, Asure Software ( ASUR), up 2.9% and The9 ( NCTY), up 5.7%.

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

The9 ( NCTY) is one of the companies that pushed the Computer Software & Services industry higher today. The9 was up $0.08 (5.7%) to $1.56 on average volume. Throughout the day, 25,550 shares of The9 exchanged hands as compared to its average daily volume of 30,400 shares. The stock ranged in a price between $1.45-$1.57 after having opened the day at $1.50 as compared to the previous trading day's close of $1.48.

The9 has a market cap of $33.6 million and is part of the technology sector. Shares are down 4.5% year-to-date as of the close of trading on Monday.

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At the close, Asure Software ( ASUR) was up $0.16 (2.9%) to $5.68 on heavy volume. Throughout the day, 11,633 shares of Asure Software exchanged hands as compared to its average daily volume of 7,100 shares. The stock ranged in a price between $5.52-$5.68 after having opened the day at $5.52 as compared to the previous trading day's close of $5.52.

Asure Software, Inc. provides cloud-based software-as-a-service (SaaS) time and labor management, and workspace management solutions worldwide. Asure Software has a market cap of $33.2 million and is part of the technology sector. Shares are down 2.5% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates Asure Software a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Asure Software 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 revenue growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

Highlights from TheStreet Ratings analysis on ASUR go as follows:

  • ASURE SOFTWARE 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. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, ASURE SOFTWARE INC continued to lose money by earning -$0.31 versus -$0.59 in the prior year. This year, the market expects an improvement in earnings ($0.13 versus -$0.31).
  • 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 47.7% when compared to the same quarter one year prior, rising from $0.11 million to $0.16 million.
  • The gross profit margin for ASURE SOFTWARE INC is currently very high, coming in at 80.14%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, ASUR's net profit margin of 2.29% significantly trails 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 Software industry and the overall market, ASURE SOFTWARE INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The debt-to-equity ratio is very high at 3.92 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.40, which clearly demonstrates the inability to cover short-term cash needs.

You can view the full analysis from the report here: Asure Software 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 Computer Software & Services industry higher today. CounterPath was up $0.02 (2.8%) to $0.75 on light volume. Throughout the day, 5,193 shares of CounterPath exchanged hands as compared to its average daily volume of 23,700 shares. The stock ranged in a price between $0.73-$0.75 after having opened the day at $0.74 as compared to the previous trading day's close of $0.73.

CounterPath has a market cap of $31.0 million and is part of the technology sector. Shares are up 42.8% year-to-date as of the close of trading on Monday.

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.