Austal (OTCMKTS:AUTLF) Trading 8.2% Higher – Here’s Why

Austal Limited (OTCMKTS:AUTLF) traded up 8.2% during mid-day trading on Monday . The stock traded as high as $3.25 and last traded at $3.25. 15,808 shares changed hands during trading, an increase of 32% from the average session volume of 12,013 shares. The stock had previously closed at $3.0050.

Analyst Ratings Changes

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

Austal Trading Up 4.3%

The firm has a market cap of $1.31 billion and a price-to-earnings ratio of 34.78. The company’s 50-day moving average is $3.42 and its 200-day moving average is $4.20.

About Austal

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.