Austal (OTCMKTS:AUTLF) Shares Gap Down – Time to Sell?

Shares of Austal Limited (OTCMKTS:AUTLF) gapped down prior to trading on Thursday . The stock had previously closed at $3.0180, but opened at $2.85. Austal shares last traded at $2.85, with a volume of 5,000 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Austal to a “hold” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Austal Trading Down 6.2%

The company has a market capitalization of $1.19 billion and a price-to-earnings ratio of 34.78. The firm’s 50 day simple moving average is $3.04 and its 200-day simple moving average is $3.84.

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.