Alpha Technology Group (NASDAQ:ATGL) Reaches New 52-Week High – Still a Buy?

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $35.05 and last traded at $36.11, with a volume of 7367 shares. The stock had previously closed at $30.50.

Alpha Technology Group Stock Performance

The firm’s fifty day simple moving average is $16.66 and its 200 day simple moving average is $10.05. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alpha Technology Group stock. Citadel Advisors LLC acquired a new stake in Alpha Technology Group Limited (NASDAQ:ATGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,313 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned about 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.