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

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price traded down 1.4% during mid-day trading on Friday . The company traded as low as $20.80 and last traded at $21.5860. 6,700 shares were traded during mid-day trading, a decline of 84% from the average session volume of 41,743 shares. The stock had previously closed at $21.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Alpha Technology Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alpha Technology Group has an average rating of “Sell”.

Alpha Technology Group Price Performance

The firm has a 50-day simple moving average of $23.53 and a 200 day simple moving average of $23.30.

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.