Insider Selling: Austal Limited (ASX:ASB) Insider Sells 13,160,000 Shares of Stock

Austal Limited (ASX:ASB) insider John Rothwell sold 13,160,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of A$3.80 ($2.42), for a total transaction of A$50,008,000.00 ($31,852,229.30).

Austal Price Performance

The firm has a market cap of $1.39 billion, a PE ratio of 93.49, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The company has a debt-to-equity ratio of 27.98, a current ratio of 1.11 and a quick ratio of 1.07.

About Austal

Austal Limited engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide. It operates in four segments: USA Shipbuilding, USA Support, Australasia Shipbuilding, and Australasia Support. The company offers passenger only ferries, vehicle passenger ferries, and offshore and windfarm vessels; and naval and other defense vessels, as well as patrol boats for government law enforcement and border protection agencies.