Off The Hook Ys (NYSEAMERICAN:OTH) Shares Down 0.3% – Should You Sell?

Off The Hook Ys Inc. (NYSEAMERICAN:OTH)’s stock price traded down 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 mid-day trading, a decline of 57% from the average session volume of 72,180 shares. The stock had previously closed at $3.10.

Analysts Set New Price Targets

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

Off The Hook Ys Price Performance

The company has a 50 day moving average of $2.59.

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

Hedge Funds Weigh In On Off The Hook Ys

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Off The Hook Ys during the fourth quarter worth approximately $35,000. Geode Capital Management LLC bought a new position in shares of Off The Hook Ys during the fourth quarter worth approximately $42,000. Millennium Management LLC acquired a new stake in Off The Hook Ys during the fourth quarter worth approximately $52,000. Finally, HRT Financial LP acquired a new stake in Off The Hook Ys during the fourth quarter worth approximately $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.