Alpha Technology Group (NASDAQ:ATGL) Shares Down 4.3% – Here’s What Happened

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price fell 4.3% during mid-day trading on Monday . The stock traded as low as $4.95 and last traded at $5.07. Approximately 6,919 shares changed hands during trading, an increase of 12% from the average daily volume of 6,150 shares. The stock had previously closed at $5.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Alpha Technology Group in a research report on Wednesday, July 29th. 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 Price Performance

The stock has a 50-day moving average price of $8.04 and a 200 day moving average price of $12.40.

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.