NEW YORK, May 8, 2017 /PRNewswire/ -- Levi & Korsinsky, LLP announces it has commenced an investigation of Avinger, Inc. ("Avinger") (NASDAQ: AVGR) concerning possible violations of federal securities laws.
On January 30, 2015, Avinger held its Initial Public Offering at $13 per share. On July 12, 2016, the Company announced its 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 the Company's Pantheris device. Then on May 3, 2017 the stock closed at $0.57 per share, a decline of over 95% from the Initial Public Offering price. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP