NEW YORK, NY / ACCESSWIRE / August 1, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Shyft Group, Inc. ("Shyft" or "the Company") (NASDAQ:SHYF). Investors who purchased Shyft securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site:www.bgandg.com/shyf.
The investigation concerns whether Shyft has violated federal securities laws.
Investigation Details:
On July 27, 2023, Shyft reported its second quarter financials. The Company also disclosed it was drastically cutting its full-year earnings guidance. CEO Daryl Adams said, "We experienced challenges in the fleet vehicles and services business as market conditions deteriorated and operational inefficiencies remain. We continue to flex our operations while implementing additional cost reductions to reflect lower short-term demand." Based on this news, shares of Shyft fell by more than 36.5% in intraday trading on the same day.
What's Next?
If you are aware of any facts relating to this investigation or purchased Shyft securities, you can assist this investigation by visiting the firm's site:www.bgandg.com/shyf. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC