Mullen Automotive (NASDAQ:MULN) Trading 7.4% Higher – Should You Buy?

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price traded up 7.4% during trading on Thursday . The company traded as high as $2.65 and last traded at $2.61. 708,421 shares were traded during trading, an increase of 59% from the average session volume of 444,471 shares. The stock had previously closed at $2.43.

Mullen Automotive Stock Performance

The stock’s 50-day moving average price is $11.72 and its 200 day moving average price is $197.90.

Mullen Automotive (NASDAQ:MULN) last issued its earnings results on Monday, August 12th. The company reported ($791.00) EPS for the quarter. The firm 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 shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing. Institutional investors and hedge funds 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.