LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Avinger, Inc. (“Avinger” or the “Company”) (NASDAQ: AVGR) investors concerning the Company and its officers’ possible violations of federal securities laws.
On July 12, 2016, the Company lowered its fiscal year 2016 revenue guidance from a range of $25 million to $30 million down to a range of $19 million to $23 million, noting that the Company “experienced lower than expected utilization of Pantheris in the second quarter.” On this news, the Company’s stock price fell $4.54 per share, or nearly 40%, thereby injuring investors. On May 8, 2017, the Company’s stock price closed at only $0.47 per share, which represented a decline of more than 96% from the initial public offering price of $13.00 per share.
If you purchased Avinger securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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