Mullen Automotive (NASDAQ:MULN) Stock Price Down 2.9%

Mullen Automotive, Inc. (NASDAQ:MULN) dropped 2.9% during trading on Thursday . The company traded as low as $7.15 and last traded at $7.80. Approximately 573,472 shares changed hands during trading, an increase of 267% from the average daily volume of 156,340 shares. The stock had previously closed at $8.03.

Mullen Automotive Price Performance

The business’s fifty day simple moving average is $1.27 and its two-hundred day simple moving average is $3.11.

Mullen Automotive (NASDAQ:MULN) last issued its quarterly earnings results on Monday, August 12th. The company reported ($7.91) earnings per share for the quarter. The company had revenue of $0.07 million for the quarter.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent quarter. 11.71% of the stock is currently owned by institutional investors.

Mullen Automotive Company Profile

Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.