Investigation Overview
May 06, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Park-Ohio Holdings Corp. (NASDAQ:PKOH) shares over potential securities laws violations by Park-Ohio Holdings 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 Park-Ohio Holdings Corp. (NASDAQ:PKOH) concerning whether a series of statements by Park-Ohio Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Park-Ohio Holdings Corp. reported that its annual Total Revenue rose from over $1.12 billion in 2012 to over $1.46 billion in 2015 and that its respective Net Income grew from $31.80 million to $48.10 million.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) grew from $24.48 per share in February 2016 to as high as $43.11 per share in March 2016.
On April 28, 2016, Park-Ohio Holdings Corp. reported its results for the first quarter of 2016.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) declined from over $40 per share on April 28, 2016 to ass low as $25.22 per share on April 29, 2016.