Off The Hook Ys (NYSEAMERICAN:NXB) Trading Up 2.3% - Still a Buy?

Key Points

• NXB shares rose 2.3% to $2.18, reaching $2.2242 intraday, though trading volume was 60% below the average.
• The company reported a quarterly loss of $0.14 per share on revenue of $29.84 million; its quick ratio of 0.14 indicates limited near-term liquidity.
• Insiders sold 600,000 shares worth approximately $1.25 million over the past three months, while insiders continue to own 66% of the company.

Off The Hook Ys Inc. (NYSEAMERICAN:NXB - Get Free Report) shares traded up 2.3% during trading on Thursday . The company traded as high as $2.2242 and last traded at $2.18. Approximately 18,570 shares traded hands during trading, a decline of 60% from the average daily volume of 46,786 shares. The stock had previously closed at $2.13.

Off The Hook Ys Stock Performance

The business's 50 day moving average price is $2.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.10 and a quick ratio of 0.14.

Off The Hook Ys (NYSEAMERICAN:NXB - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $29.84 million during the quarter.

Insider Buying and Selling

In other news, CEO Brian John sold 120,000 shares of the company's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $2.41, for a total value of $289,200.00. Following the sale, the chief executive officer directly owned 1,133,350 shares of the company's stock, valued at $2,731,373.50. This represents a 9.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jason Daniel Ruegg sold 475,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $2.00, for a total transaction of $950,000.00. Following the completion of the sale, the chairman owned 10,775,000 shares in the company, valued at $21,550,000. The trade was a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 600,000 shares of company stock valued at $1,252,400 over the last three months. 66.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Off The Hook Ys

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC purchased a new position in shares of Off The Hook Ys during the 4th quarter valued at about $42,000. HRT Financial LP purchased a new stake in shares of Off The Hook Ys in the fourth quarter worth about $58,000. Jane Street Group LLC purchased a new stake in shares of Off The Hook Ys in the fourth quarter worth about $35,000. Finally, Millennium Management LLC acquired a new stake in Off The Hook Ys during the fourth quarter worth about $52,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source