Mullen Automotive (NASDAQ:MULN) Trading 0.4% Higher – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 0.4% during mid-day trading on Wednesday . The company traded as high as $2.43 and last traded at $2.32. 545,203 shares were traded during trading, an increase of 62% from the average session volume of 336,251 shares. The stock had previously closed at $2.31.

Mullen Automotive Stock Performance

The business’s 50-day simple moving average is $1.77 and its 200-day simple moving average is $2.88.

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

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive as of its most recent filing with the SEC. 11.71% of the stock is currently owned by institutional investors.

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.