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

Equities research analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of Atlantic American stock opened at $1.70 on Tuesday. Atlantic American has a 52-week low of $1.43 and a 52-week high of $3.00. The business’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.81. The firm has a market cap of $34.68 million, a PE ratio of -34.00 and a beta of 0.44.

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

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.