Shares of Austal Limited (OTCMKTS:AUTLF – Get Free Report) dropped 7.7% during mid-day trading on Tuesday. The company traded as low as $3.00 and last traded at $3.00. 250 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 10,130 shares. The stock had previously closed at $3.25.
Austal Price Performance
The company’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $3.01.
About Austal
Austal Limited is an Australian shipbuilder that designs, manufactures and supports high-speed aluminum vessels and other specialized marine platforms. Its products include passenger and vehicle ferries, patrol boats, offshore vessels and naval ships for commercial, government and defense customers.
The company is also active in the construction of steel ships through its United States operations. Austal USA has built vessels for the U.S. Navy and other government agencies, including littoral combat ships and expeditionary fast transport vessels, while Austal’s broader portfolio includes autonomous and remotely operated maritime systems.
Founded in Western Australia in 1988, Austal serves customers internationally through shipbuilding, maintenance and support facilities in Australia, the United States and other locations in the Asia-Pacific region.
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