Austal (OTCMKTS:AUTLF) Stock Price Down 8.2% – What’s Next?

Shares of Austal Limited (OTCMKTS:AUTLF) were down 8.2% during trading on Monday . The stock traded as low as $2.80 and last traded at $2.80. Approximately 2,850 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 11,047 shares. The stock had previously closed at $3.05.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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 data from MarketBeat, the company presently has an average rating of “Hold”.

Austal Price Performance

The stock’s 50-day moving average is $3.15 and its 200-day moving average is $4.01. The stock has a market cap of $1.20 billion and a price-to-earnings 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.