Austal (OTCMKTS:AUTLF) Shares Up 15.7% – Still a Buy?

Austal Limited (OTCMKTS:AUTLF – Get Free Report)’s stock price rose 15.7% on Thursday. The company traded as high as $2.95 and last traded at $2.95. Approximately 2,000 shares were traded during trading, a decline of 80% from the average daily volume of 9,811 shares. The stock had previously closed at $2.55.

Austal Stock Down 4.4%

The firm’s fifty day simple moving average is $3.02 and its 200-day simple moving average is $2.97.

Austal Company Profile

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Austal Limited is an Australian shipbuilder that designs, constructs and supports aluminum and steel vessels for commercial, defense and government customers. Its products include high-speed passenger and vehicle ferries, patrol boats, offshore vessels, naval ships and other specialized craft, along with related maintenance, repair and sustainment services.

Founded in 1988 and headquartered in Henderson, Western Australia, Austal has expanded from its Australian operations into international shipbuilding markets.

Further Reading

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