Alpha Technology Group (NASDAQ:ATGL) Stock Price Up 9.1% – Still a Buy?

Alpha Technology Group Limited (NASDAQ:ATGL) shares shot up 9.1% during trading on Tuesday . The stock traded as high as $32.40 and last traded at $35.50. 4,114 shares were traded during trading, a decline of 98% from the average session volume of 178,159 shares. The stock had previously closed at $32.55.

Alpha Technology Group Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.37 and a quick ratio of 6.37. The business’s 50-day moving average price is $24.38 and its two-hundred day moving average price is $14.94.

Institutional Trading of Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC acquired a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned 0.07% of Alpha Technology Group as of its most recent SEC filing.

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.