5 Top NASDAQ Tech Stocks: FORM Holdings Sees Gains

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) fell slightly last week, down 0.25 percent to 2,704.10 points.
Here’s a closer look at the top gainers of the index last week:

• FORM Holdings  (NASDAQ:FH)
• Park City Group (NASDAQ:PCYG)
• ModusLink Global Solutions (NASDAQ:MLNK)
• Accelerate Diagnostics (NASDAQ:AXDX)
• eGain Corporation (NASDAQ:EGAN)

FORM Holdings

The highest gainer of the week was FORM Holdings, which saw a 27.14 percent gain over the five day trading period to finish the week at $2.67 per share.
FORM Holdings holds a diverse portfolio of companies; it is focused on identifying, investing in and developing companies with superior growth potential. Last week, FORM Holdings posted an update on its pending acquisition of XpresSpa, a luxury airport spa company. Later in the week, FORM Holdings’ 100 percent owned FLI Charge, a wire-free power company, announced its official partnership with auto supplier Papp Plastics & Distributing.

Park City Group

Park City Group gained 15.46 percent over the five day trading period to finish the week at $12.17 per share.
Park City Group is a Software-as-a-Service provider, and has invested more than $150 million to develop a cloud-based technology platform that allows retailers and their suppliers to analyze consumer transactions to reduce out of stocks, increase sales, and lower inventory levels throughout the supply chain.
In early September, the company announced its Fiscal 4Q and Full-Year 2016 results. Highlights included record revenue and profitability of $3.8 million in the quarter, and $14.0 million for the year. There has been no further recent news from the company to explain last week’s rise in share price.

ModusLink Global Solutions

ModusLink gained 15.04 percent over the five day trading period to finish the week at $1.53 per share.
ModusLink delivers supply chain and logistics services to improve clients’ revenue, cost, sustainability and customer experience objectives through its subsidiaries ModusLink Corporation and ModusLink PTS. In early September, the company reported that ModusLink Corporation earned a Bronze Stevie® Award in the 2016 International Business Awards. There has been no further recent news from the company to explain last week’s rise in share price.

Accelerate Diagnostics

Accelerate Diagnostics was in the previous top 5 NASDAQ Tech Stocks. Last week, the company was on the list again, this time for its gain of 12.44 percent over the five day trading period to finish the week at $27.20 per share.
Accelerate Diagnostics is an in vitro diagnostics company focused on providing solutions for drug resistant organisms and hospital-acquired infections. In July, the company announced the submission of a De Novo request for Evaluation of Automatic Class III Designation to the USFDA for the Accelerate Pheno™ system and Accelerate PhenoTest™ BC kit for positive blood culture samples. There has been no further recent news from the company to explain last week’s rise in share price.

eGain Corporation

eGain gained 9.59 percent over the five day trading period to finish the week at $3.20 per share.
eGain provides cloud customer engagement solutions. In early September, the company announced its fiscal 2016 fourth quarter financials, and reported that total revenue was $17.6 million, and adjusted Earnings Before Interest, Tax, Depreciation and Amortization improved to $1.9 million. There has been no further recent news from the company to explain last week’s rise in share price.
 
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Data for 5 Top NASDAQ Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million and less than $500 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.