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

Alpha Technology Group Limited (NASDAQ:ATGL) shares gapped up prior to trading on Wednesday . The stock had previously closed at $31.85, but opened at $34.99. Alpha Technology Group shares last traded at $32.99, with a volume of 1,739 shares.

Alpha Technology Group Stock Performance

The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $27.17 and a 200 day moving average price of $16.94.

Institutional Investors Weigh In On Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC acquired a new stake in shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 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.