Austal (OTCMKTS:AUTLF) Shares Gap Down – Here’s What Happened

Austal Limited (OTCMKTS:AUTLFGet Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $3.15, but opened at $2.98. Austal shares last traded at $2.98, with a volume of 400 shares trading hands.

Austal Price Performance

The firm’s fifty day moving average price is $2.79 and its 200-day moving average price is $3.17.

About Austal

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Austal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Austal and related companies with MarketBeat.com's FREE daily email newsletter.