Mullen Automotive (NASDAQ:MULN) Trading Down 8.9%

Mullen Automotive, Inc. (NASDAQ:MULN) was down 8.9% on Friday . The company traded as low as $0.20 and last traded at $0.20. Approximately 20,382,008 shares changed hands during trading, an increase of 74% from the average daily volume of 11,734,897 shares. The stock had previously closed at $0.22.

Mullen Automotive Stock Down 11.5 %

The firm has a 50 day moving average price of $1.10 and a two-hundred day moving average price of $3.44.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings results on Monday, August 12th. The company reported ($7.91) EPS for the quarter. The company had revenue of $0.07 million during the quarter.

Institutional Investors Weigh In On Mullen Automotive

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