Levi & Korsinsky notifies investors that it has commenced an investigation into Construction Partners, Inc. (NASDAQ: ROAD) concerning potential violations of the federal securities laws.
On January 23, 2025, Spruce Point Capital Management published a report highlighting the increasing pressures faced by Construction Partners suggesting that the share price could have a 35-50% potential long-term downside risk. The Spruce Point report focused on Construction Partners’ major decline in contracts from its largest customer, Florida Department of Transportation, and a weak expansion into Texas, which was portrayed as a strong acquisition for the company. The report concluded that the market had miscalculated Construction Partners’ enterprise value, which in turn, reflects a misunderstanding of the company’s business and financial prospects, thus, predicting the 35-50% downside potential. Following this news, Construction Partners’ stock price plummeted over 8% to open at $85.17 per share on January 23, 2025
If you suffered a loss on your Construction Partners, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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