Alpha Technology Group (NASDAQ:ATGL) Trading Down 11.6% – Here’s What Happened

Alpha Technology Group Limited (NASDAQ:ATGL) dropped 11.6% on Monday . The company traded as low as $35.00 and last traded at $36.25. Approximately 7,607 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 26,479 shares. The stock had previously closed at $41.00.

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 company’s 50-day moving average is $18.40 and its 200-day moving average is $10.87.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC acquired a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the 4th quarter, according to 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 about 0.07% of Alpha Technology Group at the end of the most recent quarter.

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.