EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Avinger, Inc. - AVGR

NEW YORK--()--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Avinger, Inc. (NASDAQ:AVGR) resulting from allegations that Avinger may have issued materially misleading business information to the investing public.

On January 30, 2015, Avinger held its initial public offering (“IPO”) at $13.00 per share. On July 12, 2016, Avinger announced second quarter revenue and lowered its sales guidance for 2016 from $25-30 million to $19-23 million, due in part to lower than anticipated sales of its Pantheris device. On this news, Avinger’s stock price plunged nearly 40%, from $11.43 per share to $6.89 per share, damaging investors. Avinger stock has continued to decline. On May 8, 2017, Avinger’s stock price closed at $0.47 per share, a decline of more than 96% from the IPO price of $13.00 per share.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Avinger investors. If you purchased shares of Avinger, please visit the firm’s website at http://www.rosenlegal.com/cases-1124.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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Contacts

Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Release Summary

Rosen Law Firm Investigating Potential Securities Claims Against Avinger, Inc. - AVGR

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Contacts

Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com