Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares dropped 5.1% during trading on Wednesday . The company traded as low as $0.96 and last traded at $1.03. Approximately 1,011,798 shares were traded during mid-day trading, an increase of 85% from the average daily volume of 547,831 shares. The stock had previously closed at $1.08.
Mullen Automotive Price Performance
The stock’s 50-day moving average is $16.95 and its 200 day moving average is $231.02.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last released its quarterly earnings data 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 during the quarter.
Insiders Place Their Bets
Institutional Investors Weigh In On Mullen Automotive
An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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. 11.71% of the stock is currently owned by hedge funds and other institutional investors.
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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