Alpha Technology Group (NASDAQ:ATGL) Shares Gap Up – Still a Buy?

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $31.01, but opened at $33.09. Alpha Technology Group shares last traded at $33.57, with a volume of 27,636 shares traded.

Alpha Technology Group Trading Up 5.4 %

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 has a 50 day simple moving average of $19.33 and a two-hundred day simple moving average of $11.41.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC bought a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to its most recent disclosure 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 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.