Insider Buying: Austal (ASX:ASB) Insider Acquires 5,000 Shares of Stock

Austal Limited (ASX:ASB) insider Richard Gibb acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of A$5.40 per share, with a total value of A$27,000.00.

Austal Price Performance

The company has a debt-to-equity ratio of 27.98, a current ratio of 1.11 and a quick ratio of 1.07. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 93.49, a PEG ratio of 1.78 and a beta of 0.70.

Austal Company Profile

Austal Limited engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide. It operates in four segments: USA Shipbuilding, USA Support, Australasia Shipbuilding, and Australasia Support. The company offers passenger only ferries, vehicle passenger ferries, and offshore and windfarm vessels; and naval and other defense vessels, as well as patrol boats for government law enforcement and border protection agencies. It also develops and integrates advanced vessel control and information management systems, including MARINELINK, an integrated monitoring and control system; and motion control systems and interceptors.