Mullen Automotive (NASDAQ:MULN) Stock Price Down 1%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price dropped 1% on Tuesday . The stock traded as low as $2.80 and last traded at $3.12. Approximately 5,591,011 shares changed hands during trading, an increase of 2,083% from the average daily volume of 256,106 shares. The stock had previously closed at $3.15.

Mullen Automotive Stock Up 3.8 %

The firm has a fifty day moving average price of $1.61 and a 200-day moving average price of $2.97.

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

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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. 11.71% of the stock is owned by institutional investors and hedge funds.

About Mullen Automotive

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.