Scott+Scott Attorneys at Law LLP Announces Investigation into Evoqua Water Technologies Corp. (AQUA)
NEW YORK, Nov. 1, 2018 /PRNewswire/ -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national shareholder and consumer rights litigation firm, is investigating whether Evoqua Water Technologies Corp. ("Evoqua" or the "Company") (NYSE: AQUA) or certain of its officers and directors violated federal securities laws. If you purchased Evoqua stock, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information.
Evoqua provides water treatment equipment and services. The Company offers filter press, intake rebuilds, and electrocatalytic services, as well as sludge dryers, digester covers, captivator systems, and other related technologies to the industrial, commercial, and municipal water treatment markets. The Company serves customers worldwide.
This investigation concerns whether Evoqua misled investors about its financial prospects.
On October 30, 2018, Evoqua announced disappointing preliminary financial results for the fourth quarter and fiscal year ended September 30, 2018. The results were below the Company's and analyst's expectations. The Company said the shortfalls are "primarily due to acquisition system integration issues, supply chain disruptions influenced by tariffs and an extended delay on a large aquatics project."
On this news, the price of Evoqua stock closed at $9.02, a 34.6% decline from its previous close price of $13.80 – and nearly a 50% decrease since the Company's $18 per share Initial Public Offering in November 2017.
What You Can Do
If you purchased Evoqua common stock, and you wish to discuss this investigation, please contact attorney Joe Pettigrew at (844) 818-6982, or at [email protected], or visit the Evoqua investigation page on our website at https://scott-scott.com/investigation/evoqua-water-technologies-corp/.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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CONTACT:
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
230 Park Ave, 17th Fl, NY, NY 10169
(844) 818-6982
[email protected]
SOURCE Scott+Scott Attorneys at Law LLP
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