Alpha Technology Group (NASDAQ:ATGL) Trading Down 6.9% – Should You Sell?

Alpha Technology Group Limited (NASDAQ:ATGL)’s stock price dropped 6.9% during trading on Wednesday . The stock traded as low as $27.03 and last traded at $26.81. Approximately 2,560 shares were traded during trading, a decline of 56% from the average daily volume of 5,860 shares. The stock had previously closed at $28.79.

Alpha Technology Group Trading Down 6.9%

The firm has a fifty day moving average of $25.47 and a 200 day moving average of $26.20.

Institutional Inflows and Outflows

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) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 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.