Mullen Automotive (NASDAQ:MULN) Trading 0.6% Higher – Still a Buy?

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price rose 0.6% on Thursday . The stock traded as high as $1.84 and last traded at $1.73. Approximately 739,099 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 496,521 shares. The stock had previously closed at $1.72.

Mullen Automotive Stock Up 2.3 %

The firm’s 50 day moving average price is $7.30 and its two-hundred day moving average price is $178.02.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings data on Monday, August 12th. The company reported ($791.00) EPS for the quarter. The business had revenue of $0.07 million for the quarter.

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 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. Hedge funds and other institutional investors own 11.71% of the company’s stock.

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.