Levi & Korsinsky Notifies Napco Security Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - NSSC

Core Viewpoint - A class action securities lawsuit has been filed against Napco Security Technologies, Inc. due to alleged securities fraud affecting investors between February 5, 2024, and February 3, 2025 [1][2]. Company Performance - The lawsuit claims that Napco's management provided misleading information regarding the company's expected growth and strength in its hardware division, which contributed to investor losses [2]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing the drop primarily to reduced sales from two major distributors [2]. - Following the disappointing financial results, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty about achieving this goal by the end of fiscal 2026 [2]. Stock Market Impact - Napco's stock price experienced a dramatic decline, falling from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decrease of approximately 26.62% in just one day [2]. Legal Proceedings - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs for class members [3]. Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].