AVGR Avinger Inc

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Avinger, Inc. - AVGR

NEW YORK--(BUSINESS WIRE)--

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Avinger, Inc. (NASDAQ:AVGR) resulting from allegations that Avinger may have issued materially misleading business information to the investing public.

On January 30, 2015, Avinger held its initial public offering (“IPO”) at $13.00 per share. On July 12, 2016, Avinger announced second quarter revenue and lowered its sales guidance for 2016 from $25-30 million to $19-23 million, due in part to lower than anticipated sales of its Pantheris device. On this news, Avinger’s stock price plunged nearly 40%, from $11.43 per share to $6.89 per share, damaging investors. Avinger stock has continued to decline. On May 8, 2017, Avinger’s stock price closed at $0.47 per share, a decline of more than 96% from the IPO price of $13.00 per share.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Avinger investors. If you purchased shares of Avinger, please visit the firm’s website at http://www.rosenlegal.com/cases-1124.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

EN
09/05/2017

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