Off The Hook Ys (NYSEAMERICAN:OTH) Upgraded by ThinkEquity to “Strong-Buy” Rating

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

Off The Hook Ys Stock Performance

Shares of Off The Hook Ys stock opened at $2.83 on Tuesday. Off The Hook Ys has a 52-week low of $1.95 and a 52-week high of $3.90.

Off The Hook Ys announced that its board has authorized a share buyback program on Thursday, January 8th that permits the company to buyback $1.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Off The Hook Ys Company Profile

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.