October 28, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Supreme Industries, Inc. (NYSEMKT:STS) shares over potential securities laws violations by Supreme Industries 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 Supreme Industries, Inc. (NYSEMKT:STS) concerning whether a series of statements by Supreme Industries regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Supreme Industries, Inc. reported that its annual Total Revenue rose from $236.31 million in 2014 to $278.42 million in 2015 and that its Net Income increased from $6.90 million in 2014 to $12.88 million in 2015.

Shares of Supreme Industries, Inc. (NYSEMKT:STS) grew from $5.40 per share in February 2016 to as high as $19.73 per share in September 2016.

On October 21, 2016, Supreme Industries, Inc. announced that its third-quarter backlog of truck sales declined 22% from the third quarter 2015. Later that same day, Cliffside Research initiated coverage of the stock of Supreme Industries, Inc. with a 'Strong Sell' rating, stating that the 'part is over' for both the company and the market of light- to medium-duty trucks that it serves, and asserting that '[h]eavy insider trading in [Supreme Industries] is a canary in the coal mine that should not be ignored.'

Shares of Supreme Industries, Inc. (NYSEMKT:STS) declined on October 28, 2016 to as low as $11.03 per share.