3 Stocks Pushing The Computer Hardware Industry Lower

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The Computer Hardware industry as a whole closed the day down 1.5% versus the S&P 500, which was down 1.3%. Laggards within the Computer Hardware industry included Transact Technologies ( TACT), down 2.7%, Acorn Energy ( ACFN), down 11.0%, Echelon ( ELON), down 1.7%, Dataram ( DRAM), down 4.4% and Crossroads Systems ( CRDS), down 7.9%.

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

Echelon ( ELON) is one of the companies that pushed the Computer Hardware industry lower today. Echelon was down $0.02 (1.7%) to $1.15 on light volume. Throughout the day, 57,259 shares of Echelon exchanged hands as compared to its average daily volume of 97,800 shares. The stock ranged in price between $1.11-$1.18 after having opened the day at $1.18 as compared to the previous trading day's close of $1.17.

Echelon has a market cap of $51.9 million and is part of the technology sector. Shares are down 31.2% year-to-date as of the close of trading on Thursday.

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