Austal (OTCMKTS:AUTLF) Sets New 1-Year Low – Here’s Why

Austal Limited (OTCMKTS:AUTLF)’s stock price reached a new 52-week low on Friday . The company traded as low as $2.7088 and last traded at $2.7436, with a volume of 12570 shares. The stock had previously closed at $2.8850.

Wall Street Analysts Forecast Growth

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

Austal Trading Down 4.9%

The company has a market cap of $1.16 billion and a PE ratio of 34.78. The firm’s 50-day simple moving average is $3.25 and its two-hundred day simple moving average is $4.08.

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.