Alpha Technology Group (NASDAQ:ATGL) Shares Up 11.1% – Here’s Why

Alpha Technology Group Limited (NASDAQ:ATGLGet Free Report)’s share price traded up 11.1% on Thursday . The stock traded as high as $32.20 and last traded at $33.88. 5,965 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 176,920 shares. The stock had previously closed at $30.48.

Alpha Technology Group Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.37 and a quick ratio of 6.37. The business has a 50-day moving average price of $26.20 and a two-hundred day moving average price of $16.20.

Hedge Funds Weigh In On Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC purchased a new stake in Alpha Technology Group Limited (NASDAQ:ATGLFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.

About Alpha Technology Group

(Get Free Report)

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.

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