Alpha Technology Group (NASDAQ:ATGL) Shares Gap Down – Time to Sell?

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $47.00, but opened at $42.04. Alpha Technology Group shares last traded at $42.90, with a volume of 11,761 shares.

Alpha Technology Group Trading Down 12.8 %

The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $18.40 and its 200 day simple moving average is $10.82.

Institutional Trading of Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC bought a new position in Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 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.