Austal (OTCMKTS:AUTLF) Trading Down 10.2% – What’s Next?

Austal Limited (OTCMKTS:AUTLF)’s share price fell 10.2% on Tuesday . The stock traded as low as $2.83 and last traded at $2.83. 7,942 shares were traded during mid-day trading, a decline of 35% from the average session volume of 12,231 shares. The stock had previously closed at $3.15.

Wall Street Analysts Forecast Growth

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

Austal Price Performance

The stock has a 50 day moving average price of $3.47 and a 200-day moving average price of $4.22. The stock has a market capitalization of $1.26 billion and a P/E 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.