StockNews.com Begins Coverage on Atlantic American (NASDAQ:AAME)

Analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Down 10.1 %

Shares of AAME stock opened at $1.52 on Thursday. The company’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.72. The firm has a market cap of $31.01 million, a PE ratio of -30.40 and a beta of 0.44. Atlantic American has a 12 month low of $1.43 and a 12 month high of $3.00.

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%.

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.