Atlantic American (NASDAQ:AAME) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Atlantic American Co. (NASDAQ:AAME) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.77 and traded as low as $1.66. Atlantic American shares last traded at $1.66, with a volume of 2,234 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Atlantic American in a research note on Wednesday. They issued a “hold” rating for the company.

Atlantic American Trading Up 2.8 %

The business has a fifty day moving average of $1.60 and a 200-day moving average of $1.77. The firm has a market cap of $33.76 million, a PE ratio of -33.10 and a beta of 0.44.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.06) EPS for the quarter. The firm had revenue of $47.67 million during 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.