INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NAPCO Security Technologies, Inc. - NSSC
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NAPCO Security Technologies, Inc. - NSSC |
| [18-February-2025] |
NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of NAPCO Security Technologies, Inc ("NAPCO" or the "Company") (NASDAQ: NSSC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether NAPCO and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February 3, 2025, NAPCO announced its fiscal 2025 second quarter results, which revealed a decrease in net sales and diluted earnings per share compared to the same period in the prior year. NAPCO's Chairman and Chief Executive Officer attributed the equipment revenue shortfall to lagging sales in intrusion and access alarm products and door locking devices. NAPCO also cited specific issues with two of its larger distributors, as one reduced purchases to cut inventory levels and another underwent a management restructuring that delayed transaction approvals. On this news, NAPCO's stock price fell $9.77 per share, or 26.6%, to close at $26.93 per share on February 3, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:
SOURCE Pomerantz LLP | ||
Company Codes: NASDAQ-NMS:NSSC |
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