Austal (OTCMKTS:AUTLF) Shares Gap Down – Should You Sell?

Austal Limited (OTCMKTS:AUTLF) shares gapped down before the market opened on Friday . The stock had previously closed at $3.1970, but opened at $2.95. Austal shares last traded at $2.95, with a volume of 800 shares.

Wall Street Analyst Weigh In

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

Austal Trading Down 1.7%

The firm has a 50-day simple moving average of $2.79 and a 200-day simple moving average of $3.30.

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.