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

Shares of Austal Limited (OTCMKTS:AUTLF) gapped up prior to trading on Friday . The stock had previously closed at $2.46, but opened at $2.69. Austal shares last traded at $2.69, with a volume of 1,100 shares changing hands.

Wall Street Analyst Weigh In

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

Austal Trading Up 4.5%

The stock’s 50-day moving average price is $2.85 and its 200-day moving average price is $3.59. The company has a market capitalization of $1.13 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.