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

Alpha Technology Group Limited (NASDAQ:ATGL) shares shot up 6.9% on Thursday . The stock traded as high as $43.68 and last traded at $42.00. 23,720 shares changed hands during mid-day 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 Stock Down 12.8 %

The company’s 50-day moving average price is $18.40 and its two-hundred day moving average price is $10.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.37 and a quick ratio of 6.37.

Institutional Investors 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 Alpha Technology Group Limited (NASDAQ:ATGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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.

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.