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

Shares of Alpha Technology Group Limited (NASDAQ:ATGL) gapped up before the market opened on Wednesday . The stock had previously closed at $32.62, but opened at $34.78. Alpha Technology Group shares last traded at $33.51, with a volume of 9,302 shares changing hands.

Alpha Technology Group Stock Performance

The company’s 50-day simple moving average is $22.55 and its two-hundred day simple moving average is $13.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.37 and a quick ratio of 6.37.

Hedge Funds Weigh In On Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC bought a new stake in shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned approximately 0.07% of Alpha Technology Group as of its most recent filing with the Securities and Exchange Commission.

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.