Mullen Automotive (NASDAQ:MULN) Shares Up 0.8% – Time to Buy?
by Doug Wharley · The Cerbat GemMullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares shot up 0.8% during mid-day trading on Friday . The stock traded as high as $2.94 and last traded at $2.66. 1,183,766 shares were traded during mid-day trading, an increase of 161% from the average session volume of 452,919 shares. The stock had previously closed at $2.64.
Mullen Automotive Price Performance
The company has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $200.74.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last issued its earnings results on Monday, August 12th. The company reported ($791.00) earnings per share (EPS) for the quarter. The business had revenue of $0.07 million during the quarter.
Hedge Funds Weigh In On Mullen Automotive
An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive as of its most recent filing with the Securities & Exchange Commission. 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.
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