By Louis Navellier for InvestorPlace
NEW YORK ( InvestorPlace) -- If you're looking to cash in on the tech boom, consider these 5 electronics company penny stocks. They aren't true penny stocks, because they trade 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 (API - Get Report) 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 with a gain of 10% for the Dow Jones Industrial Average. Impressively, this penny stock is up 60% over the past three months alone. Another important statistic worth noting is API's quarterly revenue, 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.