Alpha Technology Group (NASDAQ:ATGL) Shares Gap Up – Time to Buy?

Shares of Alpha Technology Group Limited (NASDAQ:ATGL) gapped up prior to trading on Wednesday . The stock had previously closed at $32.62, but opened at $34.78. Alpha Technology Group shares last traded at $33.51, with a volume of 9,302 shares trading hands.

Alpha Technology Group Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.37 and a current ratio of 6.37. The company’s 50-day moving average is $23.16 and its two-hundred day moving average is $14.04.

Institutional Trading of Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC acquired a new stake in Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 reporting period.

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.