Alpha Technology Group (NASDAQ:ATGL) Trading Down 11.6% – Here’s What Happened

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price dropped 11.6% during mid-day trading on Monday . The company traded as low as $35.00 and last traded at $36.25. Approximately 7,607 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 26,479 shares. The stock had previously closed at $41.00.

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 stock’s 50-day moving average is $19.02 and its 200 day moving average is $11.27.

Institutional Inflows and Outflows

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

About Alpha Technology Group

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.