Austal (OTCMKTS:AUTLF) Reaches New 1-Year Low – Here’s What Happened

Austal Limited (OTCMKTS:AUTLF)’s stock price hit a new 52-week low on Tuesday . The stock 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.

Analyst Ratings Changes

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

Austal Price Performance

The firm has a market cap of $1.06 billion and a P/E ratio of 34.78. The stock’s 50 day moving average is $2.89 and its two-hundred day moving average is $3.63.

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.