Austal (OTCMKTS:AUTLF) Trading Down 7.8% – Here’s What Happened

Austal Limited (OTCMKTS:AUTLF)’s stock price was down 7.8% during trading on Wednesday . The company traded as low as $2.72 and last traded at $2.72. Approximately 1,150 shares were traded during mid-day trading, a decline of 89% from the average session volume of 10,211 shares. The stock had previously closed at $2.95.

Analyst Ratings Changes

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

Austal Trading Down 2.4%

The business’s 50 day moving average is $2.94 and its 200 day moving average is $3.73. The stock has a market capitalization of $1.14 billion and a PE ratio of 34.78.

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.