Mullen Automotive (NASDAQ:MULN) Shares Down 7%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price was down 7% during trading on Monday . The stock traded as low as $0.11 and last traded at $0.12. Approximately 31,033,484 shares changed hands during mid-day trading, an increase of 122% from the average daily volume of 13,974,121 shares. The stock had previously closed at $0.13.

Mullen Automotive Price Performance

The firm has a fifty day moving average of $0.95 and a 200 day moving average of $3.04.

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

Hedge Funds Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive at the end of the most recent reporting period. Institutional investors own 11.71% of the company’s stock.

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.