Austal (ASX:ASB) Trading 2% Higher

Austal Limited (ASX:ASB)’s stock price traded up 2% during mid-day trading on Tuesday . The stock traded as high as A$4.62 ($3.28) and last traded at A$4.53 ($3.21), 4,243,984 shares changed hands during trading. An increase of 1,393% from the average session volume of 284,338 shares. The stock had previously closed at A$4.44 ($3.15).

The company has a debt-to-equity ratio of 27.55, a current ratio of 1.44 and a quick ratio of 1.06. The stock has a market cap of $1.59 billion and a P/E ratio of 25.78. The firm’s fifty day moving average price is A$4.23 and its two-hundred day moving average price is A$3.46.

In related news, insider David Singleton 1,194,121 shares of the company’s stock in a transaction that occurred on Monday, September 9th.

About Austal (ASX:ASB)

Austal Limited designs, manufactures, constructs, and supports defense and commercial vessels in Australia, the United States, and Asia. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval surface warfare combatants; and patrol boats for government law enforcement and border protection agencies.

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