Mullen Automotive (NASDAQ:MULN) Shares Up 1.6%

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price was up 1.6% during trading on Friday . The company traded as high as $3.55 and last traded at $3.22. Approximately 685,745 shares changed hands during trading, a decline of 24% from the average daily volume of 906,254 shares. The stock had previously closed at $3.17.

Mullen Automotive Price Performance

The business has a fifty day simple moving average of $5.30 and a two-hundred day simple moving average of $13.06.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($15.32) earnings per share (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 bought a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned approximately 0.07% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 11.71% of the company’s stock.

About Mullen Automotive

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.