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

Austal Limited (OTCMKTS:AUTLF) gapped down before the market opened on Wednesday . The stock had previously closed at $3.00, but opened at $2.80. Austal shares last traded at $2.80, with a volume of 200 shares.

Wall Street Analysts Forecast Growth

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

Austal Stock Performance

The stock has a market cap of $1.18 billion and a price-to-earnings ratio of 34.78. The company has a 50-day moving average of $3.15 and a 200-day moving average of $4.01.

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.