The Computer Hardware industry as a whole closed the day down 0.9% versus the S&P 500, which was down 1.7%. Laggards within the Computer Hardware industry included Lantronix ( LTRX), down 4.5%, Pangaea Logistics Solutions ( PANL), down 4.5%, SMART Technologies ( SMT), down 2.1%, Astro-Med ( ALOT), down 1.8% and Dataram ( DRAM), down 2.8%.

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

SMART Technologies ( SMT) is one of the companies that pushed the Computer Hardware industry lower today. SMART Technologies was down $0.02 (2.1%) to $0.70 on average volume. Throughout the day, 107,844 shares of SMART Technologies exchanged hands as compared to its average daily volume of 74,900 shares. The stock ranged in price between $0.68-$0.73 after having opened the day at $0.71 as compared to the previous trading day's close of $0.71.

SMART Technologies Inc. designs, develops, and sells interactive technology products and integrated solutions worldwide. SMART Technologies has a market cap of $87.8 million and is part of the technology sector. Shares are down 39.8% year-to-date as of the close of trading on Thursday. Currently there are no analysts who rate SMART Technologies a buy, no analysts rate it a sell, and 1 rates it a hold.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

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 58.83%, 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 118.4% in earnings (-$0.04 versus $0.19).

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

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

At the close, Pangaea Logistics Solutions ( PANL) was down $0.15 (4.5%) to $3.21 on light volume. Throughout the day, 2,733 shares of Pangaea Logistics Solutions exchanged hands as compared to its average daily volume of 7,100 shares. The stock ranged in price between $3.21-$3.34 after having opened the day at $3.33 as compared to the previous trading day's close of $3.36.

Pangaea Logistics Solutions has a market cap of $116.5 million and is part of the technology sector. Shares are down 29.3% year-to-date as of the close of trading on Thursday. Currently there are 7 analysts who rate Pangaea Logistics Solutions a buy, 1 analyst rates it a sell, and 4 rate it a hold.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Lantronix ( LTRX) was another company that pushed the Computer Hardware industry lower today. Lantronix was down $0.06 (4.5%) to $1.27 on light volume. Throughout the day, 4,109 shares of Lantronix exchanged hands as compared to its average daily volume of 10,700 shares. The stock ranged in price between $1.27-$1.35 after having opened the day at $1.31 as compared to the previous trading day's close of $1.33.

Lantronix, Inc. designs, develops, markets, and sells networking and communications products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Lantronix has a market cap of $19.6 million and is part of the technology sector. Shares are down 29.6% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who rates Lantronix a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Lantronix as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Highlights from TheStreet Ratings analysis on LTRX 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 Communications Equipment industry. The net income has significantly decreased by 545.4% when compared to the same quarter one year ago, falling from -$0.13 million to -$0.84 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Communications Equipment industry and the overall market, LANTRONIX INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 27.96%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 500.00% compared to the year-earlier 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.
  • LANTRONIX 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, LANTRONIX INC continued to lose money by earning -$0.06 versus -$0.19 in the prior year. For the next year, the market is expecting a contraction of 25.0% in earnings (-$0.08 versus -$0.06).
  • LTRX, with its decline in revenue, slightly underperformed the industry average of 9.6%. Since the same quarter one year prior, revenues slightly dropped by 9.9%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

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

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.