Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Merit Medical Systems Inc (NASDAQ: MMSI) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Merit Medical Systems Inc (NASDAQ: MMSI) concerning whether a series of statements by Merit Medical Systems regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 25, 2019, the Company revealed its financial and operating results for the second quarter of 2019. The Company’s net income was $6.9 million, or $0.12 per share, compared to $10.9 million, or $0.21 per share for the same period in the previous year. The Company’s Chairman and Chief Executive Officer 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.
Following this news, NASDAQ: MMSI fell roughly $13.84 per share, or 25.24%, to close at $41.00 on July 26, 2019.
Based in South Jordan, Utah, and founded in 1987 Merit Medical Systems Inc manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy.
If you purchased shares of Merit Medical Systems Inc (NASDAQ: MMSI) on or before July 25, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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