3 Stocks Boosting The Telecommunications Industry Higher

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All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 140 points (0.8%) at 17,869 as of Tuesday, Feb. 10, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,747 issues advancing vs. 1,330 declining with 126 unchanged.

The Telecommunications industry as a whole closed the day up 0.3% versus the S&P 500, which was up 1.1%. Top gainers within the Telecommunications industry included Glowpoint ( GLOW), up 2.0%, Voltari ( VLTC), up 3.3%, RELM Wireless ( RWC), up 2.2%, Wireless Telecom Group ( WTT), up 1.5% and RIT Technologies ( RITT), up 7.4%.

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

RIT Technologies ( RITT) is one of the companies that pushed the Telecommunications industry higher today. RIT Technologies was up $0.09 (7.4%) to $1.30 on heavy volume. Throughout the day, 373,963 shares of RIT Technologies exchanged hands as compared to its average daily volume of 112,000 shares. The stock ranged in a price between $1.25-$1.49 after having opened the day at $1.48 as compared to the previous trading day's close of $1.21.

RIT Technologies has a market cap of $15.3 million and is part of the technology sector. Shares are up 26.0% year-to-date as of the close of trading on Monday.

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