Off The Hook Ys (NYSEAMERICAN:OTH) Shares Down 0.3% – Here’s What Happened

Off The Hook Ys Inc. (NYSEAMERICAN:OTH)’s share price dropped 0.3% on Monday . The stock traded as low as $2.98 and last traded at $3.09. Approximately 31,204 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 72,180 shares. The stock had previously closed at $3.10.

Analyst Ratings Changes

Separately, ThinkEquity upgraded Off The Hook Ys to a “strong-buy” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Off The Hook Ys Price Performance

The firm’s fifty day simple moving average is $2.58.

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

Institutional Investors Weigh In On Off The Hook Ys

Several hedge funds have recently modified their holdings of OTH. Jane Street Group LLC purchased a new stake in shares of Off The Hook Ys during the fourth quarter valued at $35,000. Geode Capital Management LLC acquired a new position in Off The Hook Ys during the fourth quarter valued at $42,000. Millennium Management LLC acquired a new position in Off The Hook Ys during the fourth quarter valued at $52,000. Finally, HRT Financial LP acquired a new position in Off The Hook Ys during the fourth quarter valued at $58,000.

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.