Alpha Technology Group (NASDAQ:ATGL) Shares Up 11.3% – Still a Buy?

Alpha Technology Group Limited (NASDAQ:ATGL) shares rose 11.3% on Wednesday . The stock traded as high as $22.00 and last traded at $23.4950. Approximately 3,276 shares traded hands during trading, a decline of 76% from the average daily volume of 13,879 shares. The stock had previously closed at $21.11.

Wall Street Analysts Forecast Growth

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

Alpha Technology Group Stock Up 11.3%

The firm has a fifty day simple moving average of $21.49 and a 200 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.