Mullen Automotive (NASDAQ:MULN) Shares Up 0.8% – Time to Buy?

by · The Cerbat Gem

Mullen 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

(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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