Netflix adds 5.3M subscribers in Q3 >>> READ MORE

7 Hot Tech Penny Stocks to Buy


Penny stock investing doesn’t have to be high risk. Investors who focus on lo- priced stocks can still raise the bar for their investments by insisting they be more than a fledgling start-up and that these penny stocks are listed on a major exchange. Specifically, demand that shares are trading for more than $1, that the penny stock is listed on the AMEX, NYSE or NASDAQ and that the investment has a market capitalization north of $100 million.

Given these criteria, you can uncover some great penny stocks that are very high reward but not so high risk. To show you what I mean, let me shares some of my favorite hot penny stocks to buy that fit the bill in the tech sector:

EMCORE Corp: The first penny stock worth buying is EMCORE Corp. (NASDAQ: EMKR) which has posted a gain of +119% in the last 12 months. More recently, this semiconductor company has shown stock growth of +53% in the last three months as well. It should also be noted that EMKR posted a quarterly revenue growth of +23% in its last income statement.

Dot Hill Systems Corp: Enterprise server software company Dot Hill Systems Corp. (NASDAQ: HILL) is a hot penny stock worth buying, as its stock has jumped +40% in the last three months. In the longer term, HILL stock has shown growth of +67% in the last 12 months, compared to gains of +14% and +13% for the NASDAQ and Dow Jones, respectively.

Identive Group Inc: Having increased +71% in the last six months and +23% in the last three months, Identive Group Inc. (NASDAQ: INVE) is another penny stock to buy making the list. Another statistic that should be noted is INVE’s quarterly revenue growth of +134% from its last income statement. INVE has a 52-week range of $1.29 to $3.55.

RAE Systems Inc: Up +106% in the last year, RAE Systems Inc. (AMEX: RAE) is another hot stock for penny investors. This stock has the potential to grow your portfolio in a hurry, as it jumped +42% in just three days in September. In its last income statement, RAE also posted strong quarterly revenue growth of +25%. If you can take the risks of penny stock investing, RAE offers potentially high rewards.

Sify Technologies: Electronic commerce company Sify Technologies (NASDAQ: SIFY) has watched its stock grow a remarkable +99% in the last six months alone. SIFY has also shown it can sustain that stock growth, having gained +38% since the start of 2011. Buy this stock near its 52-week high of $3.56.

Axcelis Technologies: Semiconductor stock Axcelis Technologies (NASDAQ: ACLS) has rewarded shareholders with growth of +57% in the last six months. Potential buyers should also look to ACLS’s quarterly revenue growth, which was listed as +141% in its last income statement.

Majesco Entertainment: Last on the list is video game product producer Majesco Entertainment (NASDAQ: COOL). This penny stock has shown impressive gains of +148% in the last year, including a gain of +35% in just one day this March. If you’re looking to hit it big with a penny stock purchase, COOL may be the perfect stock for your portfolio.

As of this writing, Louis Navellier did not own a position in any of the stocks named here.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC