Atlantic American (NASDAQ:AAME) Share Price Passes Below Two Hundred Day Moving Average of $1.81

Atlantic American Co. (NASDAQ:AAME)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.81 and traded as low as $1.66. Atlantic American shares last traded at $1.70, with a volume of 11,107 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Atlantic American in a research report on Tuesday. They set a “hold” rating for the company.

Atlantic American Trading Up 1.2 %

The stock has a market cap of $34.68 million, a P/E ratio of -34.00 and a beta of 0.44. The stock’s 50-day moving average is $1.59 and its 200-day moving average is $1.81.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.06) EPS for the quarter. The company 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%.

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.