Austal (OTCMKTS:AUTLF) Shares Gap Up – Still a Buy?

Shares of Austal Limited (OTCMKTS:AUTLF) gapped up before the market opened on Friday . The stock had previously closed at $2.9250, but opened at $3.1075. Austal shares last traded at $3.1075, with a volume of 150 shares changing hands.

Analysts Set New Price Targets

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

Austal Stock Down 0.2%

The company has a market cap of $1.23 billion and a price-to-earnings ratio of 34.78. The company’s 50-day moving average is $3.34 and its 200 day moving average is $4.14.

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.