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

Shares of Off The Hook Ys Inc. (NYSEAMERICAN:OTH) fell 0.3% during mid-day trading on Monday . The stock traded as low as $2.98 and last traded at $3.09. 31,204 shares traded hands during trading, a decline of 57% from the average session 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 investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Off The Hook Ys Price Performance

The business’s 50-day moving average is $2.58.

Off The Hook Ys declared that its Board of Directors has initiated a share buyback program on Thursday, January 8th that allows the company to buyback $1.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Off The Hook Ys

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new position in shares of Off The Hook Ys in the fourth quarter valued at approximately $42,000. HRT Financial LP bought a new position in shares of Off The Hook Ys in the fourth quarter valued at approximately $58,000. Jane Street Group LLC bought a new position in shares of Off The Hook Ys in the fourth quarter valued at approximately $35,000. Finally, Millennium Management LLC bought a new position in shares of Off The Hook Ys in the fourth quarter valued at approximately $52,000.

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.