Alpha Technology Group (NASDAQ:ATGL) Reaches New 52-Week High – Still a Buy?

Alpha Technology Group Limited (NASDAQ:ATGL) reached a new 52-week high on Wednesday . The stock traded as high as $35.05 and last traded at $36.11, with a volume of 7367 shares changing hands. The stock had previously closed at $30.50.

Alpha Technology Group Stock Performance

The business has a 50-day moving average of $16.66 and a two-hundred day moving average of $10.05. The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.01.

Institutional Trading of Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC bought a new position in shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.