Lianluo Smart (NASDAQ:LLIT) Trading Up 10.7%

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Lianluo Smart Ltd (NASDAQ:LLIT)’s share price traded up 10.7% on Tuesday . The company traded as high as $0.85 and last traded at $0.62, 194,271 shares were traded during trading. An increase of 2,188% from the average session volume of 8,491 shares. The stock had previously closed at $0.56.

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

The firm’s fifty day moving average price is $0.60 and its two-hundred day moving average price is $0.92.

A hedge fund recently bought a new stake in Lianluo Smart stock. Citadel Advisors LLC bought a new position in shares of Lianluo Smart Ltd (NASDAQ:LLIT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing. 0.62% of the stock is owned by institutional investors and hedge funds.

About Lianluo Smart (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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