Mullen Automotive (NASDAQ:MULN) Reaches New 12-Month Low – Here’s What Happened

Mullen Automotive, Inc. (NASDAQ:MULN) hit a new 52-week low during trading on Tuesday . The company traded as low as $9.51 and last traded at $9.90, with a volume of 130931 shares changing hands. The stock had previously closed at $11.82.

Mullen Automotive Stock Down 28.1 %

The business has a fifty day simple moving average of $39.48 and a 200 day simple moving average of $526.70.

Mullen Automotive (NASDAQ:MULN) last released its earnings results on Wednesday, February 19th. The company reported ($661.33) earnings per share (EPS) for the quarter. The firm had revenue of $2.92 million during the quarter.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive as of its most recent filing with the SEC. Institutional investors and hedge funds 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.