Austal (OTCMKTS:AUTLF) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Austal Limited (OTCMKTS:AUTLF) saw unusually-high trading volume on Tuesday . Approximately 10,000 shares traded hands during mid-day trading, a decline of 0% from the previous session’s volume of 10,024 shares.The stock last traded at $2.95 and had previously closed at $2.9250.

Analysts Set New Price Targets

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

Austal Trading Up 0.7%

The stock has a market cap of $1.25 billion and a P/E ratio of 34.78. The company’s 50 day moving average price is $2.97 and its two-hundred day moving average price is $3.77.

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.