Austal (OTCMKTS:AUTLF) Shares Gap Down – Time to Sell?

Shares of Austal Limited (OTCMKTS:AUTLF) gapped down before the market opened on Thursday . The stock had previously closed at $2.8850, but opened at $2.7538. Austal shares last traded at $2.7088, with a volume of 11,428 shares trading hands.

Analyst Upgrades and Downgrades

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

Austal Stock Performance

The firm has a market cap of $1.17 billion and a P/E ratio of 34.78. The stock has a fifty day simple moving average of $3.24 and a 200 day simple moving average of $4.07.

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.