Alpha Technology Group (NASDAQ:ATGL) Shares Up 21.9% – Time to Buy?

Shares of Alpha Technology Group Limited (NASDAQ:ATGL) traded up 21.9% during trading on Wednesday . The company traded as high as $34.62 and last traded at $34.17. 5,844 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 26,877 shares. The stock had previously closed at $28.03.

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 has a 50-day moving average of $19.02 and a 200 day moving average of $11.27.

Institutional Investors Weigh In On Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC bought a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

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.