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

Shares of Alpha Technology Group Limited (NASDAQ:ATGL) gapped up before the market opened on Wednesday . The stock had previously closed at $31.85, but opened at $34.99. Alpha Technology Group shares last traded at $32.99, with a volume of 1,739 shares traded.

Alpha Technology Group Stock Down 0.8 %

The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $28.18 and a 200-day moving average of $17.47.

Institutional Investors Weigh In On Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC purchased a new position in Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 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.