Austal (OTCMKTS:AUTLF) Trading Down 7% – Time to Sell?

Austal Limited (OTCMKTS:AUTLF) fell 7% on Friday . The company traded as low as $2.50 and last traded at $2.50. 140 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 10,093 shares. The stock had previously closed at $2.6890.

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, Austal currently has a consensus rating of “Hold”.

Austal Price Performance

The stock has a 50 day moving average of $2.90 and a two-hundred day moving average of $3.65. The stock has a market capitalization of $1.06 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.