SAN DIEGO, Jan. 17, 2020 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against MGP Ingredients, Inc. ("MGP or the "Company") (NASDAQ: MGPI) for violations of federal securities laws.
On January 17, 2020, MGP announced that it expects to miss previously forecasted sales and earnings guidance. Just on last quarter's conference call, the Company's CEO stated when referring to full-year results, "so we feel very good about that outlook. And that's why we're so confident in our ability to reconfirm our guidance."
Following this news, MGP stock was trading down over 27% in early morning trading.
If you are interested in learning more about the investigation, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson Fistel, LLP