Alpha Technology Group (NASDAQ:ATGL) Stock Price Down 9% – What’s Next?

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price traded down 9% during trading on Monday . The company traded as low as $16.64 and last traded at $17.7240. 7,779 shares were traded during mid-day trading, a decline of 14% from the average session volume of 9,042 shares. The stock had previously closed at $19.48.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Technology Group in a report on Monday, February 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alpha Technology Group currently has a consensus rating of “Sell”.

Alpha Technology Group Stock Performance

The business has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $23.14.

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.