NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces it has commenced an investigation of Avinger, Inc. (“Avinger”) (NASDAQ:AVGR) concerning possible violations of federal securities laws.
On January 30, 2015, Avinger held its Initial Public Offering at $13 per share. On July 12, 2016, the Company announced its 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 the Company’s Pantheris device. Then on May 3, 2017 the stock closed at $0.57 per share, a decline of over 95% from the Initial Public Offering price. To obtain additional information, go to:
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