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 Internet industry as a whole closed the day down 1.7% versus the S&P 500, which was down 1.7%. Laggards within the Internet industry included Sify Technologies ( SIFY), down 4.3%, Global Sources ( GSOL), down 2.3%, TheStreet ( TST), down 1.7%, Rediff.com India ( REDF), down 2.5% and Spark Networks ( LOV), down 2.1%.

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

TheStreet ( TST) is one of the companies that pushed the Internet industry lower today. TheStreet was down $0.04 (1.7%) to $1.98 on heavy volume. Throughout the day, 114,605 shares of TheStreet exchanged hands as compared to its average daily volume of 55,100 shares. The stock ranged in price between $1.94-$1.99 after having opened the day at $1.95 as compared to the previous trading day's close of $2.01.

TheStreet has a market cap of $68.2 million and is part of the technology sector. Shares are down 17.6% year-to-date as of the close of trading on Monday. Currently there is 1 analyst who rates TheStreet a buy, no analysts rate it a sell, and none rate it a hold.

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At the close, Global Sources ( GSOL) was down $0.12 (2.3%) to $5.16 on average volume. Throughout the day, 23,328 shares of Global Sources exchanged hands as compared to its average daily volume of 20,800 shares. The stock ranged in price between $5.10-$5.24 after having opened the day at $5.21 as compared to the previous trading day's close of $5.28.

Global Sources Ltd. operates as a business-to-business media company primarily in Greater China. It provides sourcing information to volume buyers and integrated marketing services to suppliers. The company offers trade information using online media, print media, and face-to-face events. Global Sources has a market cap of $189.2 million and is part of the technology sector. Shares are down 14.3% year-to-date as of the close of trading on Monday.

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TheStreet Ratings rates Global Sources as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from TheStreet Ratings analysis on GSOL go as follows:

  • GSOL has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.83 is somewhat weak and could be cause for future problems.
  • GLOBAL SOURCES LTD 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. Stable Earnings per share over the past year indicate the company has sound management over its earnings and share float. During the past fiscal year, GLOBAL SOURCES LTD increased its bottom line by earning $0.91 versus $0.90 in the prior year.
  • 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. When compared to other companies in the Internet Software & Services industry and the overall market, GLOBAL SOURCES LTD's return on equity is below that of both the industry average and the S&P 500.
  • The gross profit margin for GLOBAL SOURCES LTD is rather low; currently it is at 16.10%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 4.50% significantly trails the industry average.

You can view the full analysis from the report here: Global Sources Ratings Report

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Sify Technologies ( SIFY) was another company that pushed the Internet industry lower today. Sify Technologies was down $0.06 (4.3%) to $1.32 on light volume. Throughout the day, 42,519 shares of Sify Technologies exchanged hands as compared to its average daily volume of 62,800 shares. The stock ranged in price between $1.32-$1.38 after having opened the day at $1.35 as compared to the previous trading day's close of $1.38.

Sify Technologies has a market cap of $244.6 million and is part of the technology sector. Shares are up 3.0% year-to-date as of the close of trading on Monday.

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