Off The Hook Ys (NYSEAMERICAN:OTH) Raised to Strong-Buy at ThinkEquity

Off The Hook Ys (NYSEAMERICAN:OTH) was upgraded by ThinkEquity to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Off The Hook Ys Stock Up 0.7%

OTH traded up $0.02 during midday trading on Tuesday, reaching $2.85. The company’s stock had a trading volume of 19,165 shares, compared to its average volume of 62,343. Off The Hook Ys has a twelve month low of $1.95 and a twelve month high of $3.90.

Off The Hook Ys declared that its board has approved a stock buyback plan on Thursday, January 8th that authorizes the company to buyback $1.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

About Off The Hook Ys

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.