Austal (OTCMKTS:AUTLF) Stock Price Up 7.6% – Still a Buy?

Austal Limited (OTCMKTS:AUTLFGet Free Report)’s stock price traded up 7.6% on Thursday . The stock traded as high as $2.6890 and last traded at $2.6890. 6,400 shares were traded during trading, a decline of 37% from the average daily volume of 10,130 shares. The stock had previously closed at $2.50.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on AUTLF

Austal Trading Up 7.6%

The stock has a fifty day moving average of $2.91 and a 200-day moving average of $3.67. The firm has a market capitalization of $1.13 billion and a price-to-earnings ratio of 34.78.

Austal Company Profile

(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.

Further Reading

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