Mullen Automotive (NASDAQ:MULN) Stock Price Up 7.4% – Should You Buy?

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded up 7.4% during trading on Thursday . The stock traded as high as $2.65 and last traded at $2.61. 708,421 shares were traded during trading, an increase of 59% from the average session volume of 444,471 shares. The stock had previously closed at $2.43.

Mullen Automotive Price Performance

The business’s fifty day moving average is $12.84 and its two-hundred day moving average is $202.12.

Mullen Automotive (NASDAQ:MULN) last issued its quarterly earnings results on Monday, August 12th. The company reported ($791.00) earnings per share for the quarter. The firm had revenue of $0.07 million for 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 shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent quarter. 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.