Alpha Technology Group (NASDAQ:ATGL) Shares Gap Down – Should You Sell?

Alpha Technology Group Limited (NASDAQ:ATGL) shares gapped down before the market opened on Thursday . The stock had previously closed at $33.90, but opened at $31.23. Alpha Technology Group shares last traded at $34.01, with a volume of 810 shares traded.

Alpha Technology Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.37 and a current ratio of 6.37. The company’s 50-day moving average price is $22.89 and its 200-day moving average price is $13.93.

Hedge Funds Weigh In On Alpha Technology Group

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC acquired a new stake in Alpha Technology Group Limited (NASDAQ:ATGL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned 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.