The Shareholders Foundation announces that an investigation on behalf of investors of American Science & Engineering, Inc. (NASDAQ:ASEI) shares was launched over potential securities laws violations by American Science & Engineering certain of its directors and officers in connection certain financial statements.
Investors who purchased shares of American Science & Engineering, Inc. (NASDAQ:ASEI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of American Science & Engineering, Inc. (NASDAQ:ASEI) concerning whether a series of statements by American Science & Engineering, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 22, 2014, American Science & Engineering, Inc. reported its results for the fourth quarter and fiscal year 2014.
American Science & Engineering, Inc. reported that its annual Total Revenue rose from $186.68 million for the 12 months period that ended on March 31, 2013 to $190.25 million for the 12 months period that ended on March 31, 2014 while its Net Income declined from $17.45 million for the 12 months period that ended on March 31, 2013 to $15.12 million for the 12 months period that ended on March 31, 2014.
Shares of American Science & Engineering, Inc. (NASDAQ:ASEI) declined from $72.89 per share in early 2014 to as low as $44.31 per share in November 2014.
On April 24, 2015, American Science & Engineering, Inc disclosed that on April 17, 2015, it received a subpoena from the Office of the Inspector General of the U.S. General Services Administration (“GSA”), relating to an investigation by the GSA and the Department of Defense of our compliance with the terms and conditions of American Science & Engineering’s contractual arrangements with the GSA.
Shares of American Science & Engineering, Inc. (NASDAQ:ASEI) declined on April 27, 2015 to as low as $37.54 per share.
On May 18, 2015, NASDAQ:ASEI shares closed at $39.91 per share.
Those who purchased shares of American Science & Engineering, Inc. (NASDAQ:ASEI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com