ILUS International Inc (OTCMKTS:ILUS) is currently one of the better known operators in the Mergers and Acquisitions space but its stock has been one of the poorer performers in recent days. The slide in the stock continued on Monday as it suffered from another selloff and went down by as much as 25%.
Trading Data
On Monday, ILUS stock slumped 25.95% to $0.1130 with more than 52.32 million shares, compared to its average volume of 12.99 million shares. The stock moved within a range of $0.1111 – 0.1500 after opening trade at $0.1498.
Key Details
That took the decline in the stock over the course of the past week to as much as 43%. In light of such enormous losses, it is perhaps important for investors to figure out if the stock is going to keep declining or if the current level is an opportunity.
As a matter of fact, ILUS International was actually in the news yesterday after it made a key announcement. ILUS noted that the new management, which took over around a year ago, has managed to deliver considerably growth in the period.
However, there are some other things that the company has been working on as well. It was announced yesterday that the new management has also been working diligently on improving the share structure at ILUS. That was a major announcement from the company as well and one that much have been noticed by analysts as well. It remains to be seen if the ILUS stock can bounce back this week.
Key Quote
ILUS CEO, Nicolas Link, said: “Following the completion of several acquisitions, the confirmation of two significant funding arrangements, and the simultaneous tough market conditions which we and many companies are facing, we felt it important to keep our Shareholders updated on our Share Structure. As mentioned at our Annual Shareholder’s Meeting recently, our immediate goal after completing the current round of acquisitions is to get the OS down to 1.2 billion, and we are on track to achieve this when we update the SS soon.
Technical Data
ILUS stock is trading above the 20-Day and 50-Day Moving averages of $0.22 and $0.29 respectively. However, the stock is trading below above 200-Day moving average of $0.21.
