Construction Partners (ROAD) shares fell more than 9% in recent Thursday trading following a report by Spruce Point Capital Management.
Spruce Point Capital said it believes that the company's enterprise value is miscalculated by the market and its "valuation reflects a misunderstanding of its business and financial prospects."
"We believe that ROAD's business is under greater pressure than is widely understood, which is masked by poor transparency and aggressive financial presentation methods," Spruce Point Capital said.
The company didn't immediately respond to a request for comment from MT Newswires.
Price: 83.70, Change: -9.08, Percent Change: -9.79
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。