Mullen Automotive (NASDAQ:MULN) Trading Down 4.1%

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price dropped 4.1% on Thursday . The company traded as low as $4.64 and last traded at $4.71. Approximately 1,897,920 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 2,408,328 shares. The stock had previously closed at $4.91.

Mullen Automotive Stock Down 5.7 %

The firm’s 50-day simple moving average is $5.01 and its 200-day simple moving average is $11.78.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($15.32) EPS for the quarter.

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned 0.07% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is owned by institutional investors.

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.