An investigation for investors in OSI Systems, Inc. (NASDAQ:OSIS) shares over potential securities laws violations by OSI Systems in connection certain financial statements was announced.
Shares of OSI Systems, Inc. (NASDAQ:OSIS) dropped from $80.71 per share on January 26, 2015, to as low as $48.19 per share on January 28, 2016.
Investors who purchased shares of OSI Systems, Inc. (NASDAQ:OSIS), 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 OSI Systems, Inc. (NASDAQ:OSIS) concerning whether a series of statements by OSI Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
OSI Systems, Inc. reported that its Total Revenue rose from $802.05 million for the 12 months period that ended on June 30, 2013 to $958.20 million for the 12 months period that ended on June 30, 2015 and that its respective Net Income increased from $44.13 million to $65.15 million.
Shares of OSI Systems, Inc. (NASDAQ:OSIS) grew from $33.52 per share in September 2011 to as high as $95.50 per share in November 2015.
On January 27, 2016, NASDAQ:OSIS announced its second quarter fiscal 2016 financial results and updated its fiscal 2016 sales and earnings guidance. Among other things, OSI Systems, Inc reported revenues of $197 million for the second quarter of fiscal 2016, a decrease of 23% as compared to the same period a year ago.
Those who purchased shares of OSI Systems, Inc. (NASDAQ:OSIS) 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