An investigation on behalf of investors in NASDAQ:FEIM shares over potential wrongdoing at Frequency Electronics was announced and NASDAQ:FEIM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/03/2016 -- An investigation for investors in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) was announced over potential breaches of fiduciary duties.
Investors who purchased shares of Frequency Electronics, Inc. (NASDAQ:FEIM) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Frequency Electronics officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Frequency Electronics, Inc. reported that its Total Revenue rose from $7.55 million for the 12 months period that ended on April 30, 2014 to $76.56 million for the 12 months period that ended on April 30, 2015 while its Net Income for those respective time periods declined from $4.04 million to $2.83 million.
Shares of Frequency Electronics, Inc. (NASDAQ:FEIM) grew from $10.50 per share in May 2014 to as high as $14.80 per share in April 2015.
On June 2, 2016, NASDAQ:FEIM shares closed at $9.85 per share.
Those who purchased shares of Frequency Electronics, Inc. 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