Alpha Technology Group (NASDAQ:ATGL) Shares Down 2.7% – Should You Sell?

Alpha Technology Group Limited (NASDAQ:ATGL) shares fell 2.7% during mid-day trading on Friday . The company traded as low as $8.36 and last traded at $8.1350. 837 shares were traded during trading, a decline of 88% from the average session volume of 6,834 shares. The stock had previously closed at $8.36.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Alpha Technology Group in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Alpha Technology Group Trading Down 2.7%

The company’s 50-day moving average price is $11.61 and its two-hundred day moving average price is $15.51.

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.