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

Austal Limited (OTCMKTS:AUTLF)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $2.4580, but opened at $2.75. Austal shares last traded at $2.75, with a volume of 500 shares changing hands.

Analyst Ratings Changes

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 data from MarketBeat, Austal currently has an average rating of “Hold”.

Austal Trading Up 1.7%

The company’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $3.42. The stock has a market cap of $1.11 billion and a P/E ratio of 34.78.

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.