Mullen Automotive (NASDAQ:MULN) Stock Price Down 0.3% – Here’s What Happened

Mullen Automotive, Inc. (NASDAQ:MULN) shares dropped 0.3% on Thursday . The company traded as low as $2.92 and last traded at $3.26. Approximately 1,575,222 shares were traded during trading, an increase of 82% from the average daily volume of 863,657 shares. The stock had previously closed at $3.27.

Mullen Automotive Stock Up 6.7 %

The company’s fifty day moving average is $5.33 and its two-hundred day moving average is $167.35.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings results on Monday, August 12th. The company reported ($791.00) earnings per share for the quarter. The company 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 position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned about 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.

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.