Cheap Stocks to Buy Under $10 – Lionbridge Technologies (LIOX)
Lionbridge (LIOX) is the kind of cheap, small-cap stock that investors love. This player has soared 60% since October thanks to nice earnings and improving investor sentiment.
LIOX provides language translation services for some of the leading international industrial and technology companies, including Microsoft (MSFT) and Google (GOOG). But in the past few years, the company has grappled with cut-backs and soft enterprise spending from its major clients.
After some lackluster results, Lionbridge Technologies had a much better second-quarter and said that activity among its leading customers was improving. LIOX stock went on a tear soon after and has yet to cool off.
Margins could improve along with sales in the coming quarters to boost this cheap stock even higher. The company reports earnings in early February, and it could be a doozy of a report.
While there’s always the risk that businesses will spend less on IT should the economy get rocky, recent improvement shows that LIOX has momentum on its side right now and remains a hot tech play.