Lianluo Smart (NASDAQ:LLIT) Shares Pass Below 200-Day Moving Average of $0.71

Lianluo Smart Ltd (NASDAQ:LLIT) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.71 and traded as low as $0.50. Lianluo Smart shares last traded at $0.52, with a volume of 40,817 shares.

Separately, ValuEngine cut shares of Lianluo Smart from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st.

The stock’s fifty day simple moving average is $0.47 and its two-hundred day simple moving average is $0.71.

An institutional investor recently bought a new position in Lianluo Smart stock. Citadel Advisors LLC bought a new position in Lianluo Smart Ltd (NASDAQ:LLIT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,478 shares of the medical equipment provider’s stock, valued at approximately $27,000. Citadel Advisors LLC owned approximately 0.12% of Lianluo Smart as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.62% of the company’s stock.

Lianluo Smart Company Profile (NASDAQ:LLIT)

Lianluo Smart Limited, through its subsidiaries, designs, develops, markets, and distributes medical products and medical components primarily in the People's Republic of China. The company offers medical devices, including sleep apnea diagnostic products, general hospital products, medical compressors, and related supporting products, such as laryngoscope.

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