Austal (OTCMKTS:AUTLF) Sets New 52-Week Low – Time to Sell?

Austal Limited (OTCMKTS:AUTLF) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $2.40 and last traded at $2.52, with a volume of 4450 shares traded. The stock had previously closed at $2.52.

Wall Street Analysts Forecast Growth

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

Austal Stock Down 2.4%

The stock’s fifty day moving average is $2.86 and its two-hundred day moving average is $3.61. The firm has a market capitalization of $1.04 billion and a price-to-earnings ratio of 34.78.

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.