Alpha Technology Group (NASDAQ:ATGL) Shares Up 11.3% – Here’s Why

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price shot up 11.3% during trading on Wednesday . The stock traded as high as $22.00 and last traded at $23.4950. 3,276 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 13,879 shares. The stock had previously closed at $21.11.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Technology Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Alpha Technology Group has a consensus rating of “Sell”.

Alpha Technology Group Trading Up 11.3%

The stock has a 50-day simple moving average of $21.46 and a two-hundred day simple moving average of $23.50.

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. It serves customers from various industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, social services, etc.