Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price was down 4.7% during mid-day trading on Thursday . The stock traded as low as $1.00 and last traded at $1.01. Approximately 638,760 shares changed hands during trading, an increase of 12% from the average daily volume of 569,405 shares. The stock had previously closed at $1.06.
Mullen Automotive Price Performance
The stock’s 50-day moving average price is $16.95 and its 200-day moving average price is $231.02.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($661.33) EPS for the quarter. Mullen Automotive had a negative net margin of 12,717.94% and a negative return on equity of 2,736.27%. The firm had revenue of $2.92 million for the quarter.
Insiders Place Their Bets
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 Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the third quarter, according to the company in its most recent 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 about 0.34% 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.
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.
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