(Nasdaq:LLIT) Lianluo Smart Ltd Ends Down After Crazy 40.48% Swing

LLIT
LLIT

Lianluo Smart Ltd (Nasdaq:LLIT)

January 11th, 2019
Amidst falling markets Lianluo Smart Ltd finished Friday’s trading session down 15.25%, a $0.18 decrease to close on $1.00. Lianluo Smart Ltd bounced 40.48% between high and low. As well as the drop in value, Lianluo Smart Ltd hit a new 52 week low of $0.84, breaking the previous low of $1.00 from earlier this month. Two technical ‘scores’ for stocks to be aware of are the Altman Z1 and the Piotroski2 scores. LLIT scored rather low for both, which could be indicators of trouble down the road (the Altman Z-Score is -2.42, and the Piotroski Score is 2). In addition to the stock finishing lower, the trading volumes were only 35% of normal which could be an indication of investor uncertainty.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Healthcare saw the biggest increase of the day (0.33%), while Energy saw the biggest drop (0.63%). Energy has seen the biggest year-to-date gain at 8.07%.

Energy and Utilities saw turn arounds from their five day positive performance, Energy with a drop of 0.63%.

Sector Breakdown

  • Healthcare went up with a 0.33% change.
  • Consumer Staples went up with a 0.30% change.
  • Real Estate went up with a 0.24% change.
  • Financials went up with a 0.17% change.
  • Consumer Discretionary went down with a -0.03% change.
  • Industrials went down with a -0.12% change.
  • Communication Services went down with a -0.13% change.
  • Information Technology went down with a -0.14% change.
  • Materials went down with a -0.40% change.
  • Utilities went down with a -0.44% change.
  • Energy went down with a -0.63% change.

Lianluo Smart Ltd Info

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. It also distributes medical products designed and manufactured by other companies. The company sells its products primarily through distributors; and directly to hospital, physical examination centers, and governmental agencies, as well as to individuals. The company was formerly known as Dehaier Medical Systems Limited and changed its name to Lianluo Smart Limited in November 2016. Lianluo Smart Limited was founded in 2003 and is headquartered in Beijing, the People’s Republic of China. Lianluo Smart Limited operates as a subsidiary of Hangzhou Liaison Interactive Information Technology Co., Ltd.

All amounts in USD unless otherwise indicated

(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Lianluo Smart Ltd’s score is 2), and 9 is the best.

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