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RCI Hospitality Holdings, Inc.

Company NameRCI Hospitality Holdings, Inc.
Stock SymbolRICK
Class PeriodAugust 10, 2017 to May 10, 2019

On December 11, 2018, RCI Hospitality stated that it could not timely file its annual report with the SEC due to “delays in completing the audit of its financial statements for the year ended September 30, 2018.” 

On this news, the Company’s share price fell $1.37, or approximately 6%, to close at $22.33 per share on December 12, 2018, thereby injuring investors. 

Then, on May 10, 2019, RCI Hospitality stated that it could not timely file its quarterly report with the SEC for the period ended March 31, 2019 due to pending investigations concerning negative articles published in mid- and late 2018 about the company.

On this news, the Company’s share price fell $1.67, or over 7%, to close at $20.48 per share on May 13, 2019, thereby injuring investors further.

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