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

Austal Limited (OTCMKTS:AUTLF) shares gapped down before the market opened on Monday . The stock had previously closed at $2.5750, but opened at $2.45. Austal shares last traded at $2.45, with a volume of 1,001 shares.

Wall Street Analyst Weigh In

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

Austal Stock Performance

The stock has a market capitalization of $1.03 billion and a PE ratio of 34.78. The firm’s 50 day moving average is $2.85 and its two-hundred day moving average is $3.58.

Austal Company Profile

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.