Investigation Overview
An investigation on behalf of investors of NCI Building Systems Inc (NYSE:NCS) shares over potential securities laws violations by NCI Building Systems Inc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of NCI Building Systems Inc (NYSE:NCS) concerning whether a series of statements by NCI Building Systems Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Houston, TX based NCI Building Systems, Inc., together with its subsidiaries, designs, engineers, manufactures, and markets metal products for the nonresidential construction industry in North America.
NCI Building Systems Inc reported that its Total Revenue rose from over $1.68 billion for the 12 months period that ended on October 30, 2016 to over $1.77 billion for the 12 months period that ended on October 29, 2017 and that its Income increased from $51.02 million to $54.72 million over those respective time periods.
Shares of NCI Building Systems Inc (NYSE:NCS) declined from $23.25 per share in June 2018 to as low as $11.95 per share on November 12, 2018.