Alpha Technology Group (NASDAQ:ATGL) Shares Gap Up – Here’s Why

Alpha Technology Group Limited (NASDAQ:ATGL) shares gapped up before the market opened on Thursday . The stock had previously closed at $31.01, but opened at $33.09. Alpha Technology Group shares last traded at $33.57, with a volume of 27,636 shares traded.

Alpha Technology Group Stock Up 5.4 %

The firm’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $11.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.37 and a current 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 purchased a new position in Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

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.