Austal (OTCMKTS:AUTLF) Shares Gap Down – Should You Sell?
by Scott Moore · The Cerbat GemAustal Limited (OTCMKTS:AUTLF – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $2.8850, but opened at $2.7538. Austal shares last traded at $2.7088, with a volume of 11,428 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Austal to a “hold” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Austal presently has a consensus rating of “Hold”.
Read Our Latest Research Report on Austal
Austal Stock Performance
The firm has a market cap of $1.14 billion and a P/E ratio of 34.78. The stock’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $4.09.
About Austal
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.