Alpha Technology Group (NASDAQ:ATGL) Shares Up 11.9% – Here’s Why

Shares of Alpha Technology Group Limited (NASDAQ:ATGL) shot up 11.9% during trading on Tuesday . The company traded as high as $34.00 and last traded at $32.91. 6,457 shares traded hands during trading, a decline of 96% from the average session volume of 177,099 shares. The stock had previously closed at $29.41.

Alpha Technology Group Trading Up 40.4 %

The business’s fifty day moving average is $22.20 and its 200 day moving average is $13.58. The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC bought a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned about 0.07% of Alpha Technology Group at the end of the most recent quarter.

Alpha Technology Group Company Profile

Alpha Technology Group Limited, through its subsidiaries, provides cloud-based information technology services in Hong Kong. The company primarily offers cloud-based and customized customer relationship management and enterprise resource planning systems; web and mobile application development services; artificial intelligence powered optical character recognition services; and technological support and maintenance, and other services, such as maintaining and enhancing services for systems.