Insider Buying: Austal Limited (ASX:ASB) Insider Purchases 1,000,000 Shares of Stock

Austal Limited (ASX:ASB) insider Richard Spencer acquired 1,000,000 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were acquired at an average price of A$2.93 ($1.95) per share, for a total transaction of A$2,928,000.00 ($1,952,000.00).

Austal Stock Performance

The company has a debt-to-equity ratio of 27.97, a current ratio of 1.11 and a quick ratio of 1.07.

Austal Company Profile

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.