Austal Limited (OTCMKTS:AUTLF – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $2.70, but opened at $2.98. Austal shares last traded at $2.52, with a volume of 600 shares changing hands.
Austal Price Performance
The company has a 50-day moving average price of $3.00 and a 200 day moving average price of $2.98.
About Austal
Austal Limited is an Australian shipbuilder that designs, constructs and supports aluminum and steel vessels for commercial, defense and government customers. Its products include high-speed passenger and vehicle ferries, patrol boats, offshore vessels, naval ships and other specialized craft, along with related maintenance, repair and sustainment services.
Founded in 1988 and headquartered in Henderson, Western Australia, Austal has expanded from its Australian operations into international shipbuilding markets.
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