Austal Limited (OTCMKTS:AUTLF – Get Free Report) fell 6.2% during trading on Thursday . The stock traded as low as $3.00 and last traded at $3.00. 4,002 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 10,352 shares. The stock had previously closed at $3.1970.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Austal to a “hold” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Research Report on AUTLF
Austal Trading Down 7.7%
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.
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