Alpha Technology Group (NASDAQ:ATGL) Shares Down 9% – Time to Sell?

Alpha Technology Group Limited (NASDAQ:ATGL) shares were down 9% on Monday . The stock traded as low as $16.64 and last traded at $17.7240. Approximately 7,779 shares were traded during trading, a decline of 14% from the average daily volume of 9,042 shares. The stock had previously closed at $19.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Technology Group in a report on Monday, February 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Alpha Technology Group Trading Down 9.0%

The firm’s 50-day moving average price is $21.66 and its 200 day moving average price is $23.14.

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.