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

Austal Limited (OTCMKTS:AUTLF) shares gapped down before the market opened on Monday . The stock had previously closed at $2.7025, but opened at $2.52. Austal shares last traded at $2.50, with a volume of 400 shares traded.

Analysts Set New Price Targets

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

Austal Trading Down 9.4%

The firm’s fifty day moving average price is $2.94 and its 200-day moving average price is $3.72. The firm has a market cap of $1.05 billion and a price-to-earnings ratio of 34.78.

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.