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

Austal Limited (OTCMKTS:AUTLF)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $2.65, but opened at $3.20. Austal shares last traded at $3.20, with a volume of 100 shares.

Analysts Set New Price Targets

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

Austal Trading Up 1.9%

The firm has a fifty day moving average of $2.78 and a 200 day moving average of $3.33.

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.