Alpha Technology Group (NASDAQ:ATGL) Shares Climb 23.4% – Still a Buy?

Alpha Technology Group Limited (NASDAQ:ATGL)’s share price was up 23.4% during mid-day trading on Thursday. The stock traded as high as $9.85 and last traded at $9.50. Approximately 273,935 shares were traded during mid-day trading, an increase of 106% from the average daily volume of 132,895 shares. The stock had previously closed at $7.70.

Wall Street Analysts Forecast Growth

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

Alpha Technology Group Stock Performance

The business’s 50 day simple moving average is $5.91 and its 200-day simple moving average is $10.23.

Alpha Technology Group (NASDAQ:ATGL) last announced its quarterly earnings data on Wednesday, September 30th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.29 million during the quarter.

Alpha Technology Group Company Profile

Alpha Technology Group Limited is a Hong Kong-based technology company that provides information technology solutions and related services to business customers. Through its operating subsidiaries, the company supports clients with technology infrastructure and digital transformation needs.

Its service offerings include software development, system integration, cloud-related solutions, cybersecurity, and information technology support and maintenance. These services are intended to help organizations deploy, manage, and improve their technology systems and applications.

Alpha Technology Group Limited serves customers primarily in Hong Kong.