Alpha Technology Group (NASDAQ:ATGL) Shares Down 4.2% – Should You Sell?

Alpha Technology Group Limited (NASDAQ:ATGL)’s stock price fell 4.2% during trading on Wednesday . The stock traded as low as $13.51 and last traded at $13.51. 2,000 shares traded hands during trading, an increase of 168% from the average session volume of 747 shares. The stock had previously closed at $14.10.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Alpha Technology Group Stock Performance

The firm’s 50 day simple moving average is $15.97 and its 200-day simple moving average is $19.50.

Alpha Technology Group (NASDAQ:ATGL) last announced its earnings results on Saturday, January 31st. The company reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $0.28 million for the quarter.

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.