RTTNews | Jul 21, 2020 10:30AM EDT

10:30 Tuesday, July 21, 2020 (RTTNews.com) - Shares of Ocean Bio-Chem, Inc. (OBCI), that makes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, home care, and outdoor power equipment markets, are surging more than 18% Tuesday morning to touch a new high of $19.65.

The stock is continuing its momentum from last week, after reporting about 44% year-year-over surge in second-quarter sales at $15.7 million. The stock increased about 45% from last Monday's closing price of $13.50.

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