Atlantic American (NASDAQ:AAME) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Atlantic American Co. (NASDAQ:AAME) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.58 and traded as high as $1.82. Atlantic American shares last traded at $1.58, with a volume of 38,209 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Atlantic American in a report on Thursday. They set a “hold” rating for the company.

Atlantic American Stock Performance

The firm has a market capitalization of $32.24 million, a P/E ratio of -4.51 and a beta of 0.44. The firm has a 50 day moving average price of $1.57 and a two-hundred day moving average price of $1.58.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings results on Tuesday, March 25th. The financial services provider reported ($0.04) earnings per share for the quarter. The company had revenue of $49.04 million during the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Atlantic American Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a $0.02 dividend. This represents a dividend yield of 1.1%. The ex-dividend date is Wednesday, April 9th. Atlantic American’s dividend payout ratio (DPR) is currently -9.09%.

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.