Austal (OTCMKTS:AUTLF) Stock Price Down 7.8% – Time to Sell?

Austal Limited (OTCMKTS:AUTLF)’s share price fell 7.8% during mid-day trading on Wednesday . The stock traded as low as $2.72 and last traded at $2.72. 1,150 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 10,211 shares. The stock had previously closed at $2.95.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Austal to a “hold” rating in a report on Friday, April 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Austal Stock Performance

The firm has a market capitalization of $1.17 billion and a P/E ratio of 34.78. The firm’s 50-day moving average is $2.96 and its 200 day moving average is $3.75.

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.