An investigation for investors in Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) shares over potential securities laws violations by Aerojet Rocketdyne Holdings, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 04/29/2019 -- An investigation was announced for investors in Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) shares over potential securities laws violations by Aerojet Rocketdyne Holdings.
Investors who purchased shares of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Aerojet Rocketdyne Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
El Segundo, CA based Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. On April 9, 2019, a report was published alleging that Aerojet Rocketdyne Holdings, Inc "is facing fundamental pressures, masked by complicated and aggressive accounting, which gives investors a potentially misleading impression of stability and growth." Among other issues, the report asserted that "~$900M of liabilities associated with the business [makes] the Company 5x more levered than it appears" and that "analysts blindly pencil in 4% revenue growth in the next two years, despite hundreds of millions of dollars in revenue programs that are disappearing." Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) declined from $40.99 per share on February 6, 2019 to as low as $30.11 per share on April 9, 2019.
Those who purchased shares of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) have certain options and should contact the Shareholders Foundation.
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