Mullen Automotive (NASDAQ:MULN) Trading Down 10%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price was down 10% during trading on Monday . The stock traded as low as $0.17 and last traded at $0.17. Approximately 15,944,720 shares were traded during trading, an increase of 34% from the average daily volume of 11,934,379 shares. The stock had previously closed at $0.19.

Mullen Automotive Stock Performance

The company has a 50 day moving average price of $0.97 and a 200 day moving average price of $3.21.

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

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is owned by institutional investors.

About Mullen Automotive

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.