Lianluo Smart (NASDAQ:LLIT) Stock Passes Above Two Hundred Day Moving Average of $1.24

Lianluo Smart Ltd (NASDAQ:LLIT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.24 and traded as high as $0.78. Lianluo Smart shares last traded at $0.80, with a volume of 16 shares traded.

The company’s 50-day simple moving average is $0.86 and its two-hundred day simple moving average is $1.24.

A hedge fund recently bought a new stake in Lianluo Smart stock. Citadel Advisors LLC acquired a new stake in shares of Lianluo Smart Ltd (NASDAQ:LLIT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,478 shares of the medical equipment provider’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 0.12% of Lianluo Smart at the end of the most recent reporting period. 0.69% of the stock is owned by hedge funds and other institutional investors.

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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