US EditionNAPCO Announcement: Rosen Law Firm Encourages NAPCO Security Technologies, Inc. Investors to Inquire About Securities Class Action Investigation
- On February 3, 2025, NAPCO Security Technologies, Inc., ticker symbol NASDAQ: NSSC, experienced a stock plummet after Investing.com published an article titled "NAPCO Security stock tumbles after Q2 sales decline" following the announcement of fiscal 2025 second quarter results.
- The stock plummet of approximately 27% was triggered by fiscal 2025 second quarter results revealing decreases in net sales and diluted earnings per share compared to the same period last year.
- The company's equipment revenue shortfall was attributed by Chairman and CEO Richard Soloway to lagging sales in intrusion and access alarm products and door locking devices, along with issues involving two major distributors.
- According to Soloway, specific issues included one distributor reducing purchases to cut inventory and another undergoing a management restructuring that delayed transaction approvals, though Soloway remains optimistic about future improvements.
- Rosen Law Firm is investigating potential securities claims on behalf of NAPCO Security Technologies, Inc. Shareholders and preparing a class action to recover investor losses, with compensation potentially available through a contingency fee arrangement without out-of-pocket fees or costs, highlighting their experience in securing substantial settlements for investors, including over $438 million in 2019.
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