Austal Limited (OTCMKTS:AUTLF – Get Free Report) shares fell 7% during mid-day trading on Friday . The company traded as low as $2.50 and last traded at $2.50. 140 shares traded hands during trading, a decline of 99% from the average session volume of 10,093 shares. The stock had previously closed at $2.6890.
Wall Street Analysts Forecast Growth
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 MarketBeat, the stock presently has an average rating of “Hold”.
View Our Latest Analysis on AUTLF
Austal Price Performance
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.
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