Mullen Automotive (NASDAQ:MULN) Releases Quarterly Earnings Results

Mullen Automotive (NASDAQ:MULN) released its quarterly earnings results on Wednesday. The company reported ($661.33) EPS for the quarter, Zacks reports. The business had revenue of $2.92 million for the quarter. Mullen Automotive had a negative return on equity of 795.64% and a negative net margin of 12,717.94%.

Mullen Automotive Stock Down 2.4 %

Shares of MULN traded down $0.13 during mid-day trading on Friday, hitting $5.02. 155,348 shares of the company’s stock were exchanged, compared to its average volume of 330,636. Mullen Automotive has a 52 week low of $4.90 and a 52 week high of $49,080.00. The stock’s 50-day simple moving average is $37.50 and its 200-day simple moving average is $523.08.

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.