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Alpha Technology Group (NASDAQ:ATGL) Trading 8.4% Higher - Should You Buy?

Alpha Technology Group logo with Business Services background

Key Points

  • Alpha Technology Group shares increased by 8.4% to trade at $19.91, although trading volume was down 65% from average levels.
  • Institutional investor Citadel Advisors LLC recently acquired a new position, purchasing 11,313 shares valued at approximately $159,000.
  • The company specializes in providing cloud-based IT services, including customer relationship management and mobile application development, primarily in Hong Kong.
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Alpha Technology Group Limited (NASDAQ:ATGL - Get Free Report) shares traded up 8.4% during mid-day trading on Wednesday . The stock traded as high as $18.17 and last traded at $19.91. 801 shares traded hands during trading, a decline of 65% from the average session volume of 2,287 shares. The stock had previously closed at $18.36.

Alpha Technology Group Stock Performance

The company's 50-day moving average price is $22.21 and its 200-day moving average price is $25.27.

Institutional Trading of Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC purchased a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,313 shares of the company's stock, valued at approximately $159,000. Citadel Advisors LLC owned approximately 0.07% of Alpha Technology Group as of its most recent filing with the Securities & Exchange Commission.

Alpha Technology Group Company Profile

(Get Free Report)

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.

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