Austal (OTCMKTS:AUTLF) Shares Gap Down – Time to Sell?

Austal Limited (OTCMKTS:AUTLFGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $2.6890, but opened at $2.50. Austal shares last traded at $2.40, with a volume of 2,800 shares traded.

Analysts Set New Price Targets

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

View Our Latest Analysis on Austal

Austal Price Performance

The company has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $3.62. The stock has a market capitalization of $1.04 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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