Alpha Technology Group (NASDAQ:ATGL) Stock Price Down 11.6% – What’s Next?

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

Alpha Technology Group Price Performance

The business’s 50-day simple moving average is $19.02 and its two-hundred day simple moving average is $11.27. 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 Trading of Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC purchased a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 SEC filing.

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.