Well, check the level. That will tell you if it's actually low or if the sensor is on the fritz. Like most substances, water contracts as it gets colder, meaning it gets denser and the volume decreases. In case of water, that happens until it reaches 4C, at which point it starts expanding again as it gets colder due to the ice crystals and finally solid ice which is less dense than liquid water. So when it gets cold, the level can fall below the min marking. The min marking is also known as the cold fill. The level should be at min when the engine is cold, so in your case when it's 40F outside or lower. The max marking is known as the hot max. As your engine heats up, the coolant expands and it should not go above the max level, so basically it should always be between min and max at any temperature.