An investigation for investors in NASDAQ:PKOH shares over potential securities laws violations by Park-Ohio Holdings was announced and NASDAQ:PKOH stockholders should contact the Shareholders Foundation
San Diego, CA -- (SBWIRE) -- 05/05/2016 -- An investigation was announced for shareholders of Park-Ohio Holdings Corp. (NASDAQ:PKOH) shares over potential securities laws violations by Park-Ohio Holdings.
Investors who purchased shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Park-Ohio Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Park-Ohio Holdings Corp. reported that its annual Total Revenue rose from over $1.12 billion in 2012 to over $1.46 billion in 2015 and that its respective Net Income grew from $31.80 million to $48.10 million.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) grew from $24.48 per share in February 2016 to as high as $43.11 per share in March 2016.
On April 28, 2016, Park-Ohio Holdings Corp. reported its results for the first quarter of 2016.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) declined from over $40 per share on April 28, 2016 to as low as $25.22 per share on April 29, 2016.
On May 4, 2016, NASDAQ:PKOH shares closed at $25.55 per share.
Those who purchased shares of Park-Ohio Holdings Corp. 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