Technology stocks advanced 0.64% as a sector on Thursday with several companies posting huge double-digit percentage gains to push their share price higher. Topping the list of biggest days was Hauppauge Digital, Inc. (NASDAQ: HAUP) which jumped 54.01% on the day to close at 3.65 after announcing their new live TV streamer for the Apple (AAPL) iPhone, iPad and iPod touch. HAUP, which engages in the design, development, manufacture, and marketing of analog and digital television (TV) tuner products for the personal computer (PC) market, saw more than 9.4 million shares trade hands, well above their 256,000 average trading volume. Shares climbed to a six-month high of 4.06 and they remain well above the 50-day moving average of 2.51 and 200-day moving average of 2.23.
After announcing on Wednesday that they estimates its fourth quarter shipments of polysilicon to be between 930 to 950 metric tons, or MT, above the high-end of its previous guidance of 825 MT to 850 MT given on November 16, 2010 shares in Daqo New Energy Corp. (NYSE: DQ) jumped 19.79% on Thursday to close at 13.50. DQ, which engages in the manufacture and sale of poly silicon for solar panel makers, photovoltaic module, and electrical equipment in China, reached a high of 14.15 during the day and remains above its 50-day moving average of 11.76.
DayStar Technologies Inc. (NASDAQ: DSTI), which engages in the development, manufacture, and marketing of solar photovoltaic products to the grid-tied and ground-based photovoltaic markets, saw shares climb 17.88% on Thursday to close at 1.78. Shares managed to move past the 50-day moving average of 1.74 but still trail the 200-day moving average of 2.08.
Following news that the board of directors of Qiao Xing Mobile Communications Co. Ltd. (NYSE: QXM), which is already majority-owned by Qiao Xing Universal Resources (NASDAQ: XING), had approved Qiao Xing Universal’s offer to purchase the shares of Qiao Xing Mobile that it doesn’t already own shares in QXM jumped 14.91% to close at 5.55. QXM, which develops, manufactures, markets, and sells mobile handsets in the Peoples Republic of China, climbed to 5.96 during the day, a 52-week high, and shares are well above the 50-day moving average of 3.81 and 200-day moving average of 3.03.
Shares in Elecsys Corporation (NASDAQ: ESYS) soared 13.98% on Thursday to close at 4.73. During the trading day shares hit 4.78, a new 52-week high for the company that provides electronic manufacturing services, custom liquid crystal display (LCDs), ultra-rugged mobile computing devices, and wireless remote monitoring solutions to a range of industries worldwide. The company is now trading above its 50-day moving average of 3.75 and 200-day moving average of 3.73.