Austal (OTCMKTS:AUTLF) Shares Gap Down – Here’s Why

Austal Limited (OTCMKTS:AUTLFGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $2.7025, but opened at $2.52. Austal shares last traded at $2.50, with a volume of 400 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Austal to a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

View Our Latest Stock Analysis on AUTLF

Austal Price Performance

The company’s 50 day moving average is $2.93 and its two-hundred day moving average is $3.69. The firm has a market cap of $1.14 billion and a P/E ratio of 34.78.

About Austal

(Get Free Report)

Austal is a global shipbuilding and defense contractor specializing in the design, construction, and support of high-speed aluminum vessels. Headquartered in Henderson, Western Australia, the company delivers commercial ferries, patrol boats, and military transport ships to navies and ferry operators worldwide. Its focus on lightweight, fuel-efficient hull designs has made it a preferred partner for customers seeking rapid-transit and littoral operations capabilities.

Founded in 1988, Austal began as a commercial ferry builder and has since expanded into defense markets, securing major contracts with the U.S.

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