Alpha Technology Group (NASDAQ:ATGL) Issues Quarterly Earnings Results

Alpha Technology Group (NASDAQ:ATGL) announced its quarterly earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.29 million for the quarter.

Alpha Technology Group Stock Performance

Shares of NASDAQ ATGL traded up $0.20 during mid-day trading on Wednesday, reaching $5.42. 1,864 shares of the company traded hands, compared to its average volume of 15,303. The company’s fifty day moving average is $7.01 and its two-hundred day moving average is $11.59. Alpha Technology Group has a fifty-two week low of $4.52 and a fifty-two week high of $50.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alpha Technology Group in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Alpha Technology Group has an average rating of “Sell”.

About Alpha Technology Group

Alpha Technology Group Limited (NASDAQ: ATGL) is an information technology company that provides technology solutions and related services to business customers. The company focuses on helping organizations manage and modernize their IT environments through services that may include technology infrastructure, systems integration, cloud-related solutions and cybersecurity support.

Alpha Technology Group is based in Hong Kong and primarily serves customers in the Hong Kong market. The company is organized as a holding company incorporated in the Cayman Islands, with operating activities conducted through its subsidiaries.