The latest announcement is out from Austal Limited ( (AU:ASB) ).
Citigroup Global Markets Australia Pty Limited has become a substantial shareholder in Austal Limited, holding a 6.5022% voting power as of March 17, 2025. This development indicates a significant investment by Citigroup, potentially impacting Austal’s market positioning and signaling confidence in the company’s future prospects.
More about Austal Limited
Austal Limited operates in the shipbuilding industry, specializing in the design and construction of defense and commercial vessels. The company focuses on innovative maritime solutions and serves a global market, including the United States Navy and other international defense clients.
YTD Price Performance: 29.90%
Average Trading Volume: 6,316
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.09B
See more data about ASB stock on TipRanks’ Stock Analysis page.
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