Austal (OTCMKTS:AUTLF) Shares Gap Down – Should You Sell?

Austal Limited (OTCMKTS:AUTLF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $3.14, but opened at $2.75. Austal shares last traded at $2.8289, with a volume of 5,365 shares traded.

Wall Street Analysts Forecast Growth

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

Austal Stock Performance

The company has a 50-day moving average of $3.09 and a 200-day moving average of $3.93. The firm has a market capitalization of $1.19 billion and a price-to-earnings 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.