Alpha Technology Group (NASDAQ:ATGL) Trading Down 1.4% – Here’s Why

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $26.94 and last traded at $26.54. 7,351 shares were traded during trading, a decline of 96% from the average session volume of 174,175 shares. The stock had previously closed at $26.90.

Alpha Technology Group Stock Down 1.4%

The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $27.88 and its 200-day moving average is $22.62.

Institutional Trading of Alpha Technology Group

An institutional investor recently bought a new position in Alpha Technology Group stock. Citadel Advisors LLC acquired a new stake in shares of Alpha Technology Group Limited (NASDAQ:ATGL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 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 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.