Atlantic American (NASDAQ:AAME) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Atlantic American Co. (NASDAQ:AAME)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.70 and traded as low as $1.64. Atlantic American shares last traded at $1.64, with a volume of 452 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Atlantic American in a report on Friday. They set a “hold” rating for the company.

Atlantic American Stock Down 2.3 %

The company has a market cap of $33.49 million, a PE ratio of -32.83 and a beta of 0.44. The firm has a 50 day simple moving average of $1.63 and a 200-day simple moving average of $1.70.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.06) EPS for the quarter. Atlantic American had a negative return on equity of 5.89% and a negative net margin of 1.69%. The firm had revenue of $47.67 million for the quarter.

Atlantic American Company Profile

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.