Mullen Automotive (NASDAQ:MULN) Shares Up 0.4% – Here’s Why

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price traded up 0.4% during mid-day trading on Tuesday . The company traded as high as $3.01 and last traded at $2.81. 1,069,479 shares were traded during mid-day trading, an increase of 149% from the average session volume of 429,655 shares. The stock had previously closed at $2.80.

Mullen Automotive Stock Up 5.0 %

The firm’s fifty day moving average is $14.37 and its 200-day moving average is $206.33.

Mullen Automotive (NASDAQ:MULN) last issued its earnings results on Monday, August 12th. The company reported ($791.00) earnings per share (EPS) for the quarter. The firm had revenue of $0.07 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned about 0.63% 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.