Off The Hook Ys (NYSEAMERICAN:OTH) Upgraded at ThinkEquity

ThinkEquity upgraded shares of Off The Hook Ys (NYSEAMERICAN:OTH) to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Off The Hook Ys Stock Performance

Shares of OTH stock opened at $2.71 on Tuesday. Off The Hook Ys has a 12 month low of $1.95 and a 12 month high of $3.90.

Off The Hook Ys announced that its board has initiated a share buyback plan 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 plans are usually a sign that the company’s board of directors believes its shares are 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.