Alpha Technology Group (NASDAQ:ATGL) Stock Price Up 6.9% – Time to Buy?

Shares of Alpha Technology Group Limited (NASDAQ:ATGL) rose 6.9% during mid-day trading on Thursday . The company traded as high as $43.68 and last traded at $42.00. Approximately 23,720 shares traded hands during trading, a decline of 4% from the average daily volume of 24,638 shares. The stock had previously closed at $39.31.

Alpha Technology Group Trading Up 7.6 %

The business’s fifty day simple moving average is $17.23 and its 200-day simple moving average is $10.25. The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC purchased a new stake in shares of Alpha Technology Group Limited (NASDAQ:ATGL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned 0.07% of Alpha Technology Group as of its most recent SEC filing.

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.