Alpha Technology Group (NASDAQ:ATGL) Shares Gap Down – What’s Next?

Alpha Technology Group Limited (NASDAQ:ATGL)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $47.00, but opened at $42.04. Alpha Technology Group shares last traded at $42.90, with a volume of 11,761 shares trading hands.

Alpha Technology Group Trading Down 10.9 %

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 stock’s fifty day simple moving average is $17.89 and its 200-day simple moving average is $10.51.

Institutional Inflows and Outflows

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 fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned about 0.07% of Alpha Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC).

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.