Mullen Automotive (NASDAQ:MULN) Shares Down 0.2%

Mullen Automotive, Inc. (NASDAQ:MULN) traded down 0.2% during mid-day trading on Wednesday . The company traded as low as $4.25 and last traded at $4.31. 572,777 shares traded hands during trading, a decline of 81% from the average session volume of 3,061,269 shares. The stock had previously closed at $4.32.

Mullen Automotive Trading Down 0.7 %

The company has a 50-day moving average price of $4.61 and a 200-day moving average price of $9.35.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($19.39) earnings per share (EPS) for the quarter. The company had revenue of $0.02 million during the quarter.

Hedge Funds Weigh In On Mullen Automotive

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Mullen Automotive by 1,064.7% in the third quarter. Bank of New York Mellon Corp now owns 263,844 shares of the company’s stock valued at $120,000 after buying an additional 241,190 shares in the last quarter. Virtu Financial LLC acquired a new stake in Mullen Automotive in the first quarter valued at $214,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Mullen Automotive during the 4th quarter worth $38,000. Institutional investors and hedge funds 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.