Austal (OTCMKTS:AUTLF) Shares Down 7% – What’s Next?

Austal Limited (OTCMKTS:AUTLF) was down 7% during mid-day trading on Friday . The company traded as low as $2.50 and last traded at $2.50. 140 shares were traded during trading, a decline of 99% from the average daily volume of 10,093 shares. The stock had previously closed at $2.6890.

Analyst Upgrades and Downgrades

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

Austal Stock Performance

The stock’s 50-day moving average is $2.91 and its 200 day moving average is $3.66. The stock has a market capitalization of $1.05 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.