Mullen Automotive (NASDAQ:MULN - Get Free Report) announced its earnings results on Wednesday. The company reported ($661.33) earnings per share for the quarter, Zacks reports. The company had revenue of $2.92 million for the quarter. Mullen Automotive had a negative net margin of 12,717.94% and a negative return on equity of 2,736.27%.
Mullen Automotive Stock Down 20.4 %
MULN stock traded down $1.05 during trading on Friday, reaching $4.09. The stock had a trading volume of 1,475,825 shares, compared to its average volume of 436,495. The stock's 50 day moving average is $35.68 and its two-hundred day moving average is $491.12. Mullen Automotive has a 52 week low of $3.96 and a 52 week high of $49,080.00.
Insider Activity
In related news, Director John Kevin Andersen sold 174,500 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $0.91, for a total transaction of $158,795.00. Following the completion of the sale, the director now directly owns 9 shares in the company, valued at approximately $8.19. The trade was a 99.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.60% of the company's stock.
About Mullen Automotive
(
Get Free Report)
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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