The Nasdaq is one of the most famous stock exchanges in the world, and with the rise in popularity of penny stocks, it’s not surprising to see several Nasdaq penny stocks out there. Many of these are trading in the green on April 16.
Here are four.
4 Nasdaq Penny Stocks: Koss Corporation (NASDAQ:KOSS)
Koss Corporation is an American company that manufactures and designs headphones, based in Milwaukee, Wisconsin.
On April 16, as of 2:58 p.m. EDT, KOSS stock is up 4.09% at $1.26. The company has a current market capitalization of $9.403 million. On Wednesday, April 15, shares of the company hit $1.22, after previously closing at $0.94.
Koss Corporation has been relatively quiet in 2020, last announcing its Q2 results on January 30. As a result of its export markets, the company saw a decline in sales, reporting Q2 sales at $4,162,659, marking a 23.1% decrease from the same three-month period in 2019. According to CEO Michael J. Koss, the impact of the sales declines was mitigated by its control of operating costs.
4 Nasdaq Penny Stocks: Euro Tech Holdings Company Limited (NASDAQ:CLWT)
Euro Tech Holdings Company Limited is a Hong Kong-based distributor of various advanced water treatment equipment, as well as test kits and power generation equipment.
On April 16, as of 2:52 p.m. EDT, CLWT stock is trading up 3.88% at $2.14. The company currently has a market capitalization of $6.619 million.
On March 9, the company disclosed that its Board of Directors authorized a special dividend of roughly $0.42 per ordinary share, in cash, payable on March 30, to shareholders of record as of March 20. According to the press release, the special dividend comes from the $1.45 million of profits descended from CLWT’s recent disposal of real property in Hong Kong.
>> 5 Healthcare Penny Stocks with Big Moves on April 16
4 Nasdaq Penny Stocks: Urban One, Inc (NASDAQ:UONE)
The next on our list of Nasdaq penny stocks is Urban One, Inc. The company, through its subsidiaries, operates as an urban-oriented multi-media company in the United States.
On April 16, as of 12:01 p.m. EDT, UONE stock is up 3.51% at $1.18. The company currently has a market capitalization of $43.298 million.
On April 16, Urban One unveiled its new WE ARE ONE PSA campaign, in an attempt to give the world encouragement and hope during the coronavirus pandemic. Celebrities featuring in the campaign include many Reach Media Syndicated Radio Personalities, such as Erica Campbell and Willie Moore, Jr.
“During challenging times, we must seek to elevate the hearts, minds and spirits of our community. The We Are One campaign allows our Urban One family to spread faith, hope and love and unite with others as we face the challenge presented by this global health crisis.”
4 Nasdaq Penny Stocks: ARCA biopharma, Inc. (NASDAQ:ABIO)
Based in Colorado, ARCA biopharma, Inc. is a biopharmaceutical company that applies a precision medicine approach to commercializing genetically targeted therapies for cardiovascular diseases.
On April 16, at market close, ABIO stock was up 12.39% at $4.99. The company currently has a market capitalization of $7.954 million.
The company has been quiet since releasing its fiscal year 2019 financial results on February 18, 2020. Highlights included that in 2019, ARCA biopharma continued working on “advancing the development of Gencaro as a potential genetically-targeted treatment for heart failure patients with atrial fibrillation.” ARCA also disclosed that it planned to initiate a phase 3 clinical trial (subject to obtaining additional financing), in the fourth quarter of 2020.
Takeaway
Investing in penny stocks is not an easy decision. Investors have to make sure they do enough research, both on the company and the current economic environment. If all goes well, however, know that there are many Nasdaq penny stocks out there, including the four listed in this article.
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