Mullen Automotive (NASDAQ:MULN) Shares Down 13.8%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded down 13.8% during trading on Monday . The stock traded as low as $5.71 and last traded at $5.76. 597,613 shares traded hands during trading, an increase of 248% from the average session volume of 171,699 shares. The stock had previously closed at $6.68.

Mullen Automotive Trading Down 12.7 %

The firm’s fifty day moving average is $1.27 and its 200 day moving average is $3.06.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings results on Monday, August 12th. The company reported ($7.91) earnings per share (EPS) for the quarter. The business 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 bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). 11.71% of the stock is currently 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.