15 Most Successful Penny Stocks in History

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9. American Axle & Manufact. Holdings, Inc. (NYSE:AXL)

Market Cap: $1.51 Billion

As a manufacturer of driveline and drivetrain systems and other components, American Axle & Manufact. Holdings, Inc. (NYSE:AXL) was also hit in the financial crisis as its clients in the automotive segment plunged, with some even having to file for bankruptcy. However, even though the stock was trading below $1 per share during the crisis, it avoided the fate of carmakers and didn’t have to file for bankruptcy. The stock has recovered since then, but it is still trading below pre-crisis levels and the company has yet to bring back dividend payments.

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