Alpha Technology Group (NASDAQ:ATGL) Shares Gap Up – Should You Buy?

Alpha Technology Group Limited (NASDAQ:ATGL)’s stock 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 trading hands.

Alpha Technology Group Stock Performance

The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $20.04 and its 200-day moving average is $11.75.

Institutional Trading of Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC purchased a new stake in Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned approximately 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.