An investigation for investors in Ra Medical Systems, Inc. (NYSE: RMED) shares over potential securities laws violations by Ra Medical Systems, Inc was announced and NYSE: RMED stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/22/2019 -- Ra Medical Systems, Inc. (NYSE: RMED) is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Ra Medical Systems, Inc. (NYSE: RMED), 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 Ra Medical Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Carlsbad, CA based Ra Medical Systems, Inc., a commercial-stage medical device company, develops, manufactures, and markets excimer lasers for use in the treatment of vascular and dermatological diseases. In September 2018, Ra Medical completed its initial public offering ("IPO"), issuing approximately 4.5 million shares of common stock priced at $17.00 per share. On March 14, 2019, Ra Medical Systems, Inc reported its fourth quarter and full year financial results. Ra Medical Systems, Inc. reported that its annual Total Revenue rose from $5.87 million in 2017 to $6.25 million in 2018 and that its Net Loss increased from $17.76 million in 2017 to $30.83 million in 2018.
Shares of Ra Medical Systems, Inc. (NYSE: RMED) declined from $10.19 per share in early 2019 to as low as $3.39 per share on March 29, 2019.
Those who purchased shares of Ra Medical Systems, Inc. (NYSE: RMED) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
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 contact 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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