Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for alleged securities fraud and unlawful business practices [2]. Group 1: Lawsuit Details - The class action lawsuit concerns whether Napco and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors have until June 24, 2025, to request to be appointed as Lead Plaintiff if they purchased Napco securities during the Class Period [2]. Group 2: Financial Performance - On February 3, 2025, Napco reported a significant reduction in hardware sales, primarily due to decreased sales from two larger distributors [4]. - Following the announcement of the sales decline, Napco withdrew its long-term 45% EBITDA margin target [4]. - Napco's stock price fell by $9.77 per share, or 26.62%, closing at $26.93 per share on February 3, 2025 [4].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Napco Security Technologies, Inc. of Class Action Lawsuit and Upcoming Deadlines – NSSC