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

Investment analysts at StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a note issued to investors on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Down 12.5 %

AAME opened at $1.43 on Monday. The company’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.86. Atlantic American has a fifty-two week low of $1.43 and a fifty-two week high of $3.00. The firm has a market cap of $29.17 million, a price-to-earnings ratio of -28.60 and a beta of 0.44.

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

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.