Austal (OTCMKTS:AUTLF) Hits New 52-Week Low – What’s Next?

Austal Limited (OTCMKTS:AUTLF) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.42 and last traded at $2.42, with a volume of 8574 shares changing hands. The stock had previously closed at $2.70.

Wall Street Analysts Forecast Growth

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

Austal Trading Down 10.4%

The business’s fifty day simple moving average is $2.93 and its 200 day simple moving average is $3.69. The stock has a market cap of $1.02 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.