Alpha Technology Group (NASDAQ:ATGL) Shares Up 11.9% – Here’s Why

Alpha Technology Group Limited (NASDAQ:ATGL)’s stock price was up 11.9% on Tuesday . The company traded as high as $34.00 and last traded at $32.91. Approximately 6,457 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 177,099 shares. The stock had previously closed at $29.41.

Alpha Technology Group Stock Up 40.4 %

The business’s 50-day moving average price is $22.20 and its two-hundred day moving average price is $13.58. 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 purchased 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 purchased 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.