Austal (OTCMKTS:AUTLF) Shares Gap Down – Here’s Why

Austal Limited (OTCMKTS:AUTLF – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $3.2250, but opened at $3.00. Austal shares last traded at $3.00, with a volume of 110 shares changing hands.

Austal Stock Performance

The company’s 50 day moving average price is $3.01 and its two-hundred day moving average price is $3.29.

About Austal

(Get Free Report)

Austal Limited is an Australian shipbuilder and defense contractor that designs, constructs and supports aluminum and steel vessels. The company’s products include high-speed passenger and vehicle ferries, patrol boats, offshore support vessels, naval ships and other specialized commercial and government craft.

Founded in 1988 and headquartered in Henderson, Western Australia, Austal has developed international shipbuilding operations serving customers in Australia, the United States, the Philippines and other markets.

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