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.

One out of the three major indices traded up today The three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 5.41 points (0.0%) at 17,746 as of Thursday, July 30, 2015, 4:20 PM ET. The NYSE advances/declines ratio sits at 1,569 issues advancing vs. 1,503 declining with 140 unchanged.

The Computer Hardware industry as a whole closed the day up 1.3% versus the S&P 500, which was unchanged. Top gainers within the Computer Hardware industry included Echelon ( ELON), up 10.5%, Interphase ( INPH), up 5.8%, SMART Technologies ( SMT), up 2.0%, Mad Catz Interactive ( MCZ), up 12.0% and Dataram ( DRAM), up 2.2%.

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

SMART Technologies ( SMT) is one of the companies that pushed the Computer Hardware industry higher today. SMART Technologies was up $0.02 (2.0%) to $0.84 on average volume. Throughout the day, 129,203 shares of SMART Technologies exchanged hands as compared to its average daily volume of 97,600 shares. The stock ranged in a price between $0.75-$0.85 after having opened the day at $0.81 as compared to the previous trading day's close of $0.82.

SMART Technologies Inc. designs, develops, and sells interactive technology products and integrated solutions worldwide. SMART Technologies has a market cap of $101.1 million and is part of the technology sector. Shares are down 30.2% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate SMART Technologies a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates SMART Technologies as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from TheStreet Ratings analysis on SMT go as follows:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Computers & Peripherals industry. The net income has significantly decreased by 173.7% when compared to the same quarter one year ago, falling from -$3.51 million to -$9.61 million.
  • Net operating cash flow has significantly decreased to -$12.80 million or 191.08% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The debt-to-equity ratio is very high at 29.59 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Even though the debt-to-equity ratio is weak, SMT's quick ratio is somewhat strong at 1.41, demonstrating the ability to handle short-term liquidity needs.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 63.57%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 166.66% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
  • SMART TECHNOLOGIES INC 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. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, SMART TECHNOLOGIES INC increased its bottom line by earning $0.19 versus $0.16 in the prior year. For the next year, the market is expecting a contraction of 113.2% in earnings (-$0.03 versus $0.19).

You can view the full analysis from the report here: SMART Technologies Ratings Report

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At the close, Interphase ( INPH) was up $0.03 (5.8%) to $0.47 on light volume. Throughout the day, 9,343 shares of Interphase exchanged hands as compared to its average daily volume of 138,400 shares. The stock ranged in a price between $0.44-$0.47 after having opened the day at $0.44 as compared to the previous trading day's close of $0.44.

Interphase Corporation, an information and communications technology company, provides embedded computing solutions, engineering design services, and contract manufacturing services in North America, the Pacific Rim, and Europe. Interphase has a market cap of $3.4 million and is part of the technology sector. Shares are down 81.9% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Interphase a buy, no analysts rate it a sell, and none rate it a hold.

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TheStreet Ratings rates Interphase as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and poor profit margins.

Highlights from TheStreet Ratings analysis on INPH go as follows:

  • INTERPHASE CORP's earnings per share declined by 28.6% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern earnings per share over the past two years. During the past fiscal year, INTERPHASE CORP reported poor results of -$0.68 versus -$0.39 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Communications Equipment industry. The net income has significantly decreased by 48.5% when compared to the same quarter one year ago, falling from -$1.02 million to -$1.51 million.
  • 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. Compared to other companies in the Communications Equipment industry and the overall market, INTERPHASE CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$1.30 million or 68.66% 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 gross profit margin for INTERPHASE CORP is currently lower than what is desirable, coming in at 34.58%. Regardless of INPH's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, INPH's net profit margin of -72.58% significantly underperformed when compared to the industry average.

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

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Echelon ( ELON) was another company that pushed the Computer Hardware industry higher today. Echelon was up $0.06 (10.5%) to $0.63 on average volume. Throughout the day, 80,105 shares of Echelon exchanged hands as compared to its average daily volume of 88,100 shares. The stock ranged in a price between $0.55-$0.65 after having opened the day at $0.58 as compared to the previous trading day's close of $0.57.

Echelon Corporation develops and markets energy control networking platforms. Its products enable everyday devices, including air conditioners, appliances, electricity meters, light switches, thermostats, and valves to be inter-connected. Echelon has a market cap of $25.1 million and is part of the technology sector. Shares are down 66.5% year-to-date as of the close of trading on Wednesday. Currently there are no analysts who rate Echelon a buy, no analysts rate it a sell, and none rate it a hold.

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

Highlights from TheStreet Ratings analysis on ELON go as follows:

  • 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. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, ECHELON CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$2.35 million or 65.23% 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.
  • ELON'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 73.25%, 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. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • ELON, with its decline in revenue, slightly underperformed the industry average of 1.9%. Since the same quarter one year prior, revenues slightly dropped by 9.7%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • The gross profit margin for ECHELON CORP is rather high; currently it is at 63.08%. Regardless of ELON's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, ELON's net profit margin of -14.43% significantly underperformed when compared to the industry average.

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

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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.