Mullen Automotive (NASDAQ:MULN) Stock Price Down 11.7%

Mullen Automotive, Inc. (NASDAQ:MULN) shares dropped 11.7% during trading on Thursday . The company traded as low as $3.20 and last traded at $3.33. Approximately 900,875 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 897,588 shares. The stock had previously closed at $3.77.

Mullen Automotive Price Performance

The firm has a 50 day moving average of $5.39 and a two-hundred day moving average of $13.13.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 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 and hedge funds.

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.