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

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

Off The Hook Ys Price Performance

Shares of NYSEAMERICAN OTH opened at $2.83 on Tuesday. Off The Hook Ys has a 1 year low of $1.95 and a 1 year high of $3.90.

Off The Hook Ys announced that its Board of Directors has approved a share repurchase program on Thursday, January 8th that authorizes the company to repurchase $1.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is 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.