Alpha Technology Group (NASDAQ:ATGL) Shares Up 6.9% – Still a Buy?

Alpha Technology Group Limited (NASDAQ:ATGL)’s stock price shot up 6.9% on Thursday . The stock traded as high as $43.68 and last traded at $42.00. 23,720 shares were traded during trading, a decline of 4% from the average session volume of 24,638 shares. The stock had previously closed at $39.31.

Alpha Technology Group Trading Down 12.8 %

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 company’s fifty day moving average is $18.40 and its two-hundred day moving average is $10.77.

Hedge Funds Weigh In On Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC acquired a new position in Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 reporting period.

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.