ILUS International (ILUS) Stock Jumps 37% in June: What to Expect Now?
ILUS International Inc (OTCMKTS:ILUS) has been one of the stronger performers in the markets over the course of the past month and has managed to deliver gains of as 37% during that period. Considering the magnitude of the gains made by the stock, it could be a good move if investors look into the company’s business a bit more closely.
The company is focussed on mergers and acquisition in the technology space at a global level and after having hit man of its goals in the second quarter, ILUS is moving ahead with another important period of expansion. The company is involved in acquiring companies and then developing the same.
In the first fiscal quarter the company had made a pair of acquisition and in the second quarter, it followed up with another. The company is now expecting to have a strong performance in the third quarter in terms of acquisitions.
ILUS has indicated that it is going to make many more acquisition in the third quarter and one of those in the United States is now in the final stages of being completed. Considering the positive expectations expressed by the company it could be a good time for investors to start tracking the news regarding ILUS.
Market Reaction:
On Thursday, ILUS stock gained marginally by 0.30% to $0.0687 with more than 10.73 million shares, compared to its average volume of 17.22 million shares. The stock has moved within a range of $0.0651 – 0.0720 after opening the trade at $0.0690. Over the past 52-week, the stock has been trading within a range of $0.0010 – 0.1900.
