Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s stock price dropped 5.5% during trading on Monday . The stock traded as low as $0.67 and last traded at $0.71. Approximately 1,411,053 shares were traded during mid-day trading, an increase of 134% from the average daily volume of 603,195 shares. The stock had previously closed at $0.75.
Mullen Automotive Stock Down 16.5 %
The company’s fifty day simple moving average is $15.79 and its two-hundred day simple moving average is $194.71.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($661.33) EPS for the quarter. Mullen Automotive had a negative return on equity of 2,736.27% and a negative net margin of 12,717.94%. The business had revenue of $2.92 million for the quarter.
Insider Activity
Institutional Investors Weigh In On Mullen Automotive
An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission. 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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