Austal Limited (OTCMKTS:AUTLF – Get Free Report) shares rose 10.9% during mid-day trading on Wednesday. The company traded as high as $3.15 and last traded at $3.05. Approximately 2,252 shares changed hands during trading, a decline of 77% from the average session volume of 9,999 shares. The stock had previously closed at $2.75.
Austal Stock Performance
The firm’s 50 day simple moving average is $3.00 and its 200 day simple moving average is $3.35.
About Austal
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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