The Shareholders Foundation announces that an investigation for investors of Park Electrochemical Corp. (NYSE:PKE) shares was launched over potential securities laws violations by Park Electrochemical Corp. in connection certain financial statements was announced.
Investors who purchased shares of Park Electrochemical Corp. (NYSE:PKE) 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 Park Electrochemical Corp. (NYSE:PKE) concerning whether a series of statements by Park Electrochemical regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Park Electrochemical Corp. reported that its Total Revenue declined from $176.42 million for the 52 weeks period that ended on March 3, 2013 to $165.76 million for the 52 weeks period that ended on March 2, 2014 and that its Net Income of $16.96 million for the 52 weeks period that ended on March 3, 2013 decreased to a Net Loss of $42.33 million for the 52 weeks period that ended on March 2, 2014.
On July 1, 2014, Park Electrochemical Corp. reported its first quarter results. Park Electrochemical Corp. reported that its first quarter Revenue rose from $43.44 million last year to $48.82 million this year and that its respective first quarter Net Income gre from $4.93 million to $8.22 million.
Shares of Park Electrochemical Corp. (NYSE:PKE) grew from $22.63 per share in April 2013 to as high as $31.51 per share on July 9, 2014.
Then on October 2, 2014, Park Electrochemical Corp. reported its second quarter Results. Park Electrochemical Corp. reported that its second quarter Revenue declined from $44.50 million last year to $42.35 million this year and that its second quarter Net Income declined from $8.04 million to $4.96 million. NYSE:PKE shares declined to as low as $21.62 per share on October 6, 2014.
On December 8, 2014, NYSE:PKE shares closed at $24.72 per share.
Those who purchased shares of Park Electrochemical Corp. (NYSE:PKE) 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