Austal (OTCMKTS:AUTLF) Sets New 52-Week Low – Should You Sell?
by Jessica Moore · The Cerbat GemAustal Limited (OTCMKTS:AUTLF – Get Free Report)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $2.7088 and last traded at $2.7436, with a volume of 12570 shares. The stock had previously closed at $2.8850.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded 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, the stock presently has a consensus rating of “Hold”.
Get Our Latest Research Report on AUTLF
Austal Trading Down 4.9%
The business has a 50-day moving average price of $3.25 and a 200-day moving average price of $4.08. The stock has a market cap of $1.16 billion and a PE ratio of 34.78.
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.