This morning it is fairly likely that the ILUS international (OTCMKTS:ILUS) stock is going to be in focus among investors considering the fact that back on Friday, it had managed to emerge as a major gainer and clocked gains of as much as 5% as consequence.
Before delving into the specific details of the latest developments about the company it may be a good idea to consider taking a look at the nature of the company and its operations.
On Friday, ILUS stock gained 4.69% to $0.1050 with more than 11.73 million shares traded, compared to a volume of 6.73 million shares. The stock moved within a range of $0.0970 – 0.1140 after opening trading at $0.10.
About ILUS international
ILUS international is involved in the mergers and acquisitions space and is mainly involved in acquiring as well as developing businesses that are involved in manufacturing and technology. In the past, it had been known as Illutrato Pictures International Inc but in January last year, it changed its name to ILUS International Inc. It is based out of New York.
Emergency Response Technologies Inc, a Wholly Owned Subsidiary of ILUS International, Appoints Dan Peters as its Chief Executive Officer
As it happens, the company was in the news this past Friday after it made a major piece of news emerge with regards to one of its fully owned subsidiary companies, Emergency Response Technologies Inc. The company is focused on making acquisitions in the public safety industry. It currently functions as the public safety subdivision of ILUS.
On Friday, Emergency Response announced that it had appointed a new Chief Executive Officer in the form of Dan Peters. Peters is a highly experienced executive and has considerable knowledge of the emergency response industry and also holds experience in the manufacturing involved in the space. In addition to that, he has also been regarded as an executive who has a successful track record with regard to business development.
This could well prove to be an appointment that results in a significant long-term boost for Emergency Response and by extension for ILUS International.
The rally in the stock last Friday was perhaps an indication of the fact that investors were happy with the appointment. Prior to this appointment, Peters had been the President of the Rev Fire Group and has experience spanning more than three decades in senior executive roles. It remains to be seen if the ILUS stock can maintain its momentum today.
“Dan is the right leader to implement our aggressive ERT growth strategy. He brings extensive emergency response and manufacturing experience to the board and is incredibly well-known in the firefighting industry. Having spent some time getting to know Dan recently, I am most impressed with his passion for the industry, his zealousness when it comes to business development, and his incredible commercial acumen. I welcome Dan to the team and wish him every success in his new role,” said Director of ERT, John-Paul Backwell.
Here is a tweet from an investor:-
ILUS stock is trading below the 20-Day and 50-Day Moving averages of $0.11 and $0.12 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.24.