One of the companies that could come into focus among investors this morning is Aluf Holdings Inc (OTCMKTS:AHIX) and in this situation, it may be a good idea for investors to consider taking a closer look at it.
Trading Data
On Thursday, AHIX stock ended flat at $0.0300 with more than 1K shares traded, compared to volume of 10K shares. The stock moved within a range of $0.0300 – 0.0300 after opening trading at $0.0300.
About The Company
Aluf Holdings is involved in a fairly simple line of business. It is involved in the acquisition and management of next generation technology companies and then propelling them into the future. At this point in time, Aluf Holdings is interested in four main industries; software/hardware, biometrics, cybersecurity and computer vision. Now that you have a fair idea about the nature of the company and its operations, it may be a good idea to consider taking a look at the development that brought it to the news cycle on Thursday.
Aluf Holdings Inc CEO Sam M Jakobs Letter to Shareholders
The company was in the news on Thursday after Sam M Jacobs, its Chief Executive Officer published a letter that was addressed to the Aluf Holdings shareholders. It may be a good move now to perhaps take a look at some of the highlights from the aforementioned letter.
The CEO started the letter off by thanking the shareholders for their continued support as the company moved into the third quarter of 2022. It was also noted that the entirety of the management team at the company was all ears with regards to the views of the shareholders so that Aluf could continue to unearth value for them. The management team had been put in place during the previous quarter and since then it has been engaged in reviewing the corporate structure and business plan at the company.
In the letter, the CEO noted that at a time when the world remains unpredictable and turbulent, the management of Aluf was looking to bring about sustainable growth through a range of initiatives. It was further noted that the company was looking into a series of acquisitions from among technology driven firms at this point in time. On the other hand, the company is also anticipating the launch of its business and technology solutions platform. Currently, Aluf is engaged in creating the framework to prepare for the launch of the same.
However, perhaps one of the most important bits from the letter was the fact that the company acknowledged the fact that it had received lots of enquiries from shareholders with regards to the future of the company. The CEO reassured that the concerns have been taken into consideration and went on to note that Aluf welcomed further questions from shareholders.
In flight of the positive contents of the letter from the CEO, there may be a certain degree of optimism among investors with regards to the stock at this point in time. It may be a good idea for investors to consider keeping an eye on the Aluf stock over the course of the coming days and watch out for any movements. In addition to that, the CEO also noted that he was fully invested in the success of the company.
Technical Data
AHIX stock is trading below the 20-Day and 50-Day Moving averages of $0.0316 and $0.0381 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0827. The company has a total market capitalization of $246K. The stock is down 50% over the past 6-month.
