Penny stock investing doesn't have to always involve high risk
and unfounded companies. There are a number of the
best stock picks
trading for just a few dollars a share that have proven
fundamentals, a good track record for shares and the backing of a
major exchange instead of a pink sheets listing.
If you're looking to cash in on the tech boom, consider these 5
penny stock electronics companies to buy now. Each one isn't a true
penny stock, since it trades for more than a dollar a share,
but all are incredibly affordable and have offered investors
breakout growth recently.
Here are my five penny stocks to buy this week:
Advanced Photonix Inc. (
Advanced Photonix Inc.
) develops and manufactures optoelectronic devices and systems.
That's a fancy way of saying it makes parts for an array of devices
that deal with light and UV waves, from liquid crystal displays to
lasers to solar cells. API is a supplier, and mainly works with
global manufacturers from various industries instead of creating
complete devices on its own. Over the past 12 months, API
stock has jumped +119% compared to a gain of +10% for the Dow
Jones. Impressively, this penny stock is up +60% over the past
three months alone. Another important statistic worth noting is
API's quarterly revenue growth, which is up +29%, year-over-year.
API trades near its 52-week high with a range of 41 cents to $2.18
so now may be a time to buy before another leg up.
Based in California,
) designs, develops and sells sound technologies and products. LRAD
is known by many as American Technology Company, which is its
former name. Since last January, LRAD stock has climbed +74%,
compared to smaller gains by the broader markets. After slipping
slightly in late September, LRAD stock is up +45% over the past
three months. LRAD is also just off from its 52-week high of $3.10.
Buy this stock now.
RF Monolithics Inc. (
RF Monolithics Inc.
) is a designer, developer and manufacturer of wireless
connectivity products. RFMI has posted large gains over the past 12
months, and in that time the penny stock is up +76%. More recently,
RFMI has gained +69% over the past two weeks. Likewise, RFMI posted
a quarterly revenue growth of +14%, year-over-year, in its last
income statement. Finally, RFMI is a penny stock worth buying,
because it is currently trading very close to its 52-week high.
Pinnacle Data Systems (
Headquartered in Ohio,
Pinnacle Data Systems
) provides services and products to original equipment
manufacturers in the computer industry. The company deals with
clients across the globe. Over the past 52-weeks PNS has posted
enormous gains of +175%, compared to much smaller gains by the
broader markets. Over the past three months, the penny stock is up
+13% as well. Importantly, PNS is trading at more than three times
its 52-week low of 42 cents, and looks poised for further
Eltek Ltd. (
Based in Isreal,
) is a manufacturer and supplier of custom made circuitry used in
electronic products. ELTK stock had faltered in the middle of 2010,
but has regained nicely and is up +32% over the past three months.
Importantly, +11% of those gains have occurred in the last month.
ELTK may not have posted the same types of gains as other penny
stocks on this list, but with a 52-week range of 84 cents to $1.82,
ELTK has the potential to bring big gains to your portfolio. It is
not far removed from its 52-week high.
RAE Systems Inc. (RAE)
RAE Systems Inc.
) develops and manufactures chemical and radiation detection
monitors, and rounds out my list of top electronics penny stocks to
buy this week. Its products are used in the following industries:
oil and gas, hazardous material management, industrial safety,
civil defense and environmental remediation. Since the beginning of
August, this penny stock has skyrocketed +121%. It is also
important to note that RAE posted a quarterly revenue growth of
+25% in its last income statement. Buy RAE stock now is it
approaches its 52-week high.
As of this writing, Louis Navellier did not own a position in
any of the stocks named here.