Atlantic American (NASDAQ:AAME) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a report released on Sunday. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Performance

NASDAQ:AAME opened at $1.69 on Friday. The stock has a market cap of $34.48 million, a price-to-earnings ratio of -9.94 and a beta of 0.46. Atlantic American has a one year low of $1.43 and a one year high of $3.00. The business’s 50-day simple moving average is $1.65 and its 200 day simple moving average is $1.66.

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

About Atlantic American

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.