Press release
Investigation announced for Investors who lost money with shares of Astec Industries, Inc. (NASDAQ: ASTE)
An investigation for investors in Astec Industries, Inc. (NASDAQ: ASTE) shares over potential securities laws violations.
Investors who purchased shares of Astec Industries, Inc. (NASDAQ: ASTE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Astec Industries, Inc. (NASDAQ: ASTE) concerning whether a series of statements by Astec Industries, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chattanooga, TN based Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide.
Astec Industries, Inc. reported that its annual Total Revenue rose from over $1.27 billion in 2022 to over $1.33 billion in 2023, and that its Net Income increased to $33.5 million in 2023.
On May 1, 2024 Astec Industries, Inc released its financial and operating results for the first quarter of 2024, in which it failed to meet both the revenue (top line) and earnings (bottom line) expectations projected by market analysts.
Shares of Astec Industries, Inc. (NASDAQ: ASTE) declined from $44.74 per share on April 08, 2024 to $31.49 per share on May 02, 2024.
Those who purchased shares of Astec Industries, Inc. (NASDAQ: ASTE) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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