Austal (OTCMKTS:AUTLF) Stock Jumps 10.9% – What’s Next?

Austal Limited (OTCMKTS:AUTLF – Get Free Report) rose 10.9% during trading on Wednesday. The company traded as high as $3.15 and last traded at $3.05. Approximately 2,252 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 9,999 shares. The stock had previously closed at $2.75.

Austal Stock Performance

The stock has a 50-day moving average price of $3.00 and a 200-day moving average price of $3.33.

Austal Company Profile

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Austal Limited is an Australian shipbuilder and defense contractor that designs, constructs and supports aluminum and steel vessels. The company’s products include high-speed passenger and vehicle ferries, patrol boats, offshore support vessels, naval ships and other specialized commercial and government craft.

Founded in 1988 and headquartered in Henderson, Western Australia, Austal has developed international shipbuilding operations serving customers in Australia, the United States, the Philippines and other markets.

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