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Stock impact report

Glancy Prongay & Murray LLP Announces Investigation on Behalf of Merit Medical Systems, Inc. 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)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Merit Medical Systems, Inc. (“Merit” or the “Company”) (NASDAQ: MMSI) investors concerning the Company and its officers’ possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On July 25, 2019, post-market, the Company announced disappointing financial results for second quarter 2019, reporting net income of $6.9 million, or $0.12 per share, compared to $10.9 million, or $0.21 per share for the same period in the prior year. Merit’s Chief Executive Officer cited “a number of factors affecting revenues and gross margins during the second quarter,” including “foreign exchange [and] slower than anticipated conversion and uptake of acquired products.”On this news, the Company’s stock price fell $13.84, or over 25%, to close at $41.00 on July 26, 2019, thereby injuring investors.On October 30, 2019, the Company announc Show less Read more
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