Austal (OTCMKTS:AUTLF) Shares Gap Down – Should You Sell?

Austal Limited (OTCMKTS:AUTLF) gapped down prior to trading on Thursday . The stock had previously closed at $2.9820, but opened at $2.85. Austal shares last traded at $2.81, with a volume of 1,000 shares trading hands.

Analysts Set New Price Targets

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

Austal Stock Performance

The firm has a 50 day simple moving average of $3.19 and a two-hundred day simple moving average of $4.04. The firm has a market capitalization of $1.24 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.