Alpha Technology Group (NASDAQ:ATGL) Stock Price Up 6.9% – Time to Buy?

Shares of Alpha Technology Group Limited (NASDAQ:ATGL) rose 6.9% during mid-day trading on Thursday . The company traded as high as $43.68 and last traded at $42.00. Approximately 23,720 shares traded hands during trading, a decline of 4% from the average daily volume of 24,638 shares. The stock had previously closed at $39.31.

Alpha Technology Group Price Performance

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 business has a 50 day simple moving average of $17.23 and a 200-day simple moving average of $10.25.

Hedge Funds Weigh In On Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC bought a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned approximately 0.07% of Alpha Technology Group as of its most recent SEC filing.

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.