Mergers and acquisitions firm ILUS International Inc (OTCMKTS:ILUS) has seen its stock come under considerable selling pressure over the course of the past week. The trend continued on Monday as the stock suffered from another round of selloff and went down by as much as 4%.
Trading Data
On Monday, ILUS stock ended lower by 4.50% to $$0.2942 with more than 9.12 million shares, compared to its average volume of 16.25 million shares. The stock has moved within a range of $0.2851 – 0.3400 after opening trade at $0.31.
Completes the Acquisition of Tennessee-based Bull Head Products Incorporated
The decline on Monday took the losses made by the stock over the course of the past week to as much as 20%. Yesterday, the company made into focus after it emerged that it had managed to successfully complete the acquisition of Bull Head Products Incorporated, which is based out of Tennessee.
Although the stock has performed poorly in the past week, it is necessary for investors to keep in mind that ILUS has had a pretty eventful year so far. Prior to the acquisition of Bull Head Products, the company had managed to complete as many as three acquisitions in the first two quarters of the year. Since the completion of those three acquisitions, ILUS had also managed to sign as many as four pre-contract agreements with the target companies.
Hence, it is easy to see that despite the poor performance of the stock in the past, it could be a company worth tracking.
Technical Data
ILUS stock is trading below the 20-Day and 50-Day Moving averages of $0.36 and $0.39 respectively. However, the stock is trading below the 200-Day moving average of $0.19.
