Alpha Technology Group (NASDAQ:ATGL) Stock Price Down 5.6% – Time to Sell?

Alpha Technology Group Limited (NASDAQ:ATGL) shares fell 5.6% during trading on Tuesday . The stock traded as low as $14.81 and last traded at $15.1050. 1,470 shares changed hands during trading, a decline of 29% from the average session volume of 2,064 shares. The stock had previously closed at $16.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, Alpha Technology Group has a consensus rating of “Sell”.

Alpha Technology Group Trading Down 5.6%

The stock’s 50-day moving average price is $17.77 and its 200-day moving average price is $20.72.

Alpha Technology Group (NASDAQ:ATGL) last announced its quarterly earnings results on Saturday, January 31st. The company reported ($0.23) earnings per share for the quarter. The company had revenue of $0.28 million for the quarter.

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. 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.