Atlantic American (NASDAQ:AAME) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued to investors on Friday. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Up 0.5 %

NASDAQ AAME opened at $1.65 on Friday. The stock’s 50-day simple moving average is $1.63 and its two-hundred day simple moving average is $1.69. Atlantic American has a twelve month low of $1.43 and a twelve month high of $3.00. The company has a market capitalization of $33.66 million, a price-to-earnings ratio of -33.00 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) earnings per share for the quarter. The firm had revenue of $47.67 million for the quarter. Atlantic American had a negative net margin of 1.69% and a negative return on equity of 5.89%.

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.