Alpha Technology Group (NASDAQ:ATGL) Trading Down 1.4% – Here’s Why

Alpha Technology Group Limited (NASDAQ:ATGL) dropped 1.4% during mid-day trading on Friday . The stock traded as low as $20.80 and last traded at $21.5860. Approximately 6,700 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 41,743 shares. The stock had previously closed at $21.90.

Analysts Set New Price Targets

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

Alpha Technology Group Trading Down 1.4%

The firm’s fifty day simple moving average is $23.53 and its 200-day simple moving average is $23.30.

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.