Investigation Overview
February 11, 2014 (Shareholders Foundation) - An investigation on behalf of investors of GSE Holding Inc (NYSE:GSE) shares over potential securities laws violations by GSE Holding and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of GSE Holding Inc (NYSE:GSE) concerning whether a series of statements by GSE Holding regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
GSE Holding Inc reported that its annual total Revenue rose from $291.20 million in 2009 to $476.64 million in 2012 and that its Net Loss of $16.34 million in 2009 turned into a Net income of $1.08 million in 2012.
Shares of GSE Holding Inc (NYSE:GSE) reached in March 2012 $13.52 per share but declined since the to as low as $2.07 in the end of 2013.
Then on January 8, 2014, GSE Holding Inc announced that it has been notified by NYSE Regulation, Inc. that it has fallen below compliance with the New York Stock Exchange, Inc.'s ('NYSE') continued listing standards.
Shares of GSE Holding Inc (NYSE:GSE) declined to $0.712 per share on January 16, 2014.
On February 111, 2014, NYSE:GSE shares closed at $0.721 per share.