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

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

Analyst Upgrades and Downgrades

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

Alpha Technology Group Stock Performance

The firm’s 50 day moving average is $21.46 and its 200 day moving average is $23.50.

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.