Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Shyft Group, Inc. (“Shyft” or the “Company”) (NASDAQ: SHYF) on behalf of Shyft stockholders. Our investigation concerns whether Shyft has violated the federal securities laws and/or engaged in other unlawful business practices.
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On July 27, 2023, Shyft reported its quarterly financials which disclosed that the company would significantly cut its full-year 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."
Following this news, Shyft shares closed down 36% on July 27, 2023.
If you purchased or otherwise acquired Shyft shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at email@example.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.