An investigation for investors in Merit Medical Systems, Inc. (NYSE: MMSI) shares over potential securities laws violations by Merit Medical Systems, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/28/2019 -- Merit Medical Systems, Inc. is under investigation concerning potential securities laws violations by Merit Medical Systems, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Merit Medical Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
South Jordan, UT based Merit Medical Systems, Inc. manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy. After the market closed on July 25, 2019, Merit Medical Systems, Inc announced its financial and operating results for the second quarter of 2019. Merit Medical Systems, Inc announced net income of $6.9 million, or $0.12 per share, compared to $10.9 million, or $0.21 per share for the same period in the prior year. Merit Medical's Chairman and Chief Executive Officer, Fred P. Lampropoulos, cited "a number of factors affecting revenues and gross margins during the second quarter," including "foreign exchange [and] slower than anticipated conversion and uptake of acquired products."
Shares of Merit Medical Systems, Inc. (NYSE: MMSI) declined from $60.50 per share on July 1, 2019 to as low as $36.18 per share on August 16, 2019.
Those who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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