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

Research analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Up 2.5 %

AAME opened at $1.63 on Friday. The stock has a market cap of $33.25 million, a PE ratio of -9.59 and a beta of 0.44. Atlantic American has a 52 week low of $1.43 and a 52 week high of $3.00. The business’s fifty day simple moving average is $1.64 and its 200 day simple moving average is $1.68.

Atlantic American (NASDAQ:AAME) last released its earnings results 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.