Shares of Mullen Automotive, Inc. (NASDAQ:MULN - Get Free Report) were down 14.3% on Tuesday . The stock traded as low as $9.51 and last traded at $10.13. Approximately 238,277 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 272,154 shares. The stock had previously closed at $11.82.
Mullen Automotive Stock Performance
The firm has a 50-day moving average of $37.50 and a 200 day moving average of $523.08.
Mullen Automotive (NASDAQ:MULN - Get Free Report) last announced its earnings results 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 795.64%. The business had revenue of $2.92 million for the quarter.
Institutional Trading of Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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.
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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