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.

The Computer Software & Services industry as a whole closed the day down 0.3% versus the S&P 500, which was up 0.4%. Laggards within the Computer Software & Services industry included ModSys International ( MDSY), down 3.5%, Cover-All Technologies ( COVR), down 5.5%, CounterPath ( CPAH), down 16.7%, Sajan ( SAJA), down 1.7% and Authentidate ( ADAT), down 47.2%.

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

Sajan ( SAJA) is one of the companies that pushed the Computer Software & Services industry lower today. Sajan was down $0.10 (1.7%) to $5.80 on light volume. Throughout the day, 1,063 shares of Sajan exchanged hands as compared to its average daily volume of 4,700 shares. The stock ranged in price between $5.80-$5.80 after having opened the day at $5.80 as compared to the previous trading day's close of $5.90.

Sajan has a market cap of $28.4 million and is part of the technology sector. Shares are up 4.4% year-to-date as of the close of trading on Friday. Currently there is 1 analyst who rates Sajan a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

At the close, CounterPath ( CPAH) was down $0.09 (16.7%) to $0.45 on average volume. Throughout the day, 39,377 shares of CounterPath exchanged hands as compared to its average daily volume of 31,300 shares. The stock ranged in price between $0.45-$0.57 after having opened the day at $0.57 as compared to the previous trading day's close of $0.54.

CounterPath has a market cap of $21.7 million and is part of the technology sector. Shares are down 0.0% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate CounterPath a buy, 1 analyst rates it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Cover-All Technologies ( COVR) was another company that pushed the Computer Software & Services industry lower today. Cover-All Technologies was down $0.06 (5.5%) to $1.04 on light volume. Throughout the day, 3,788 shares of Cover-All Technologies exchanged hands as compared to its average daily volume of 8,800 shares. The stock ranged in price between $1.04-$1.10 after having opened the day at $1.10 as compared to the previous trading day's close of $1.10.

Cover-All Technologies Inc., through its subsidiary, Cover-All Systems, Inc., licenses and maintains software products for the property/casualty insurance industry in the United States and Puerto Rico. Cover-All Technologies has a market cap of $29.3 million and is part of the technology sector. Shares are down 12.0% year-to-date as of the close of trading on Friday.

TheStreet Ratings rates Cover-All Technologies as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Highlights from TheStreet Ratings analysis on COVR go as follows:

  • COVR's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 27.16%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Despite the heavy decline in its share price, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry.
  • Net operating cash flow has decreased to $0.47 million or 37.31% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • 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, COVER-ALL TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • COVR's debt-to-equity ratio is very low at 0.19 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.98 is somewhat weak and could be cause for future problems.
  • 47.74% is the gross profit margin for COVER-ALL TECHNOLOGIES INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -10.65% is in-line with the industry average.

You can view the full analysis from the report here: Cover-All Technologies 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.