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Stock impact report

The Law Offices of Frank R. Cruz Announces Investigation of Merit Medical Systems, Inc. (MMSI) on Behalf of Investors

Merit Medical Systems, Inc. (MMSI) 
Last merit medical systems, inc. earnings: 4/23 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: merit.com/investors
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Merit Medical Systems, Inc. (“Merit” or the “Company”) (NASDAQ: MMSI) concerning whether the board breached its fiduciary duties to shareholders.If you are a shareholder, click here to participate.On July 25, 2019, Merit announced disappointing second quarter 2019 financial results and cut its sales and earnings guidance for fiscal 2019 due to “slower than anticipated conversion and uptake of acquired products.”Then, on October 30, 2019, the Company announced its third quarter 2019 financial results and lowered its sales and earnings guidance for fiscal 2019 by 20%. Merit reported significant operational issues which were due to the Company’s “own overestimation and forecasting.” On this news, Merit’s stock price fell $8.45 per share, or more than 29%, to close at $20.66 per share on October 31, 2019.On March 29, 2021, Judge David O. Carter of the Unit Show less Read more
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