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

Austal Limited (OTCMKTS:AUTLF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $3.00, but opened at $2.80. Austal shares last traded at $2.80, with a volume of 200 shares trading hands.

Wall Street Analyst Weigh In

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

Austal Stock Performance

The company has a 50 day simple moving average of $3.12 and a two-hundred day simple moving average of $3.97. The firm has a market cap of $1.18 billion and a PE ratio of 34.78.

Austal Company Profile

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.