Alpha Technology Group (NASDAQ:ATGL) Sets New 52-Week High – Should You Buy?

Alpha Technology Group Limited (NASDAQ:ATGL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.05 and last traded at $36.11, with a volume of 7367 shares changing hands. The stock had previously closed at $30.50.

Alpha Technology Group Stock Down 12.8 %

The company has a 50 day moving average price of $17.89 and a 200 day moving average price of $10.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.37 and a current ratio of 6.37.

Hedge Funds Weigh In On Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC bought 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 SEC. The fund bought 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned 0.07% of Alpha Technology Group as of its most recent filing with the SEC.

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.