Atlantic American (NASDAQ:AAME) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Atlantic American Co. (NASDAQ:AAME)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.58 and traded as high as $1.82. Atlantic American shares last traded at $1.58, with a volume of 38,209 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Atlantic American in a research note on Thursday. They set a “hold” rating for the company.

Atlantic American Stock Performance

The stock has a market capitalization of $32.24 million, a P/E ratio of -4.51 and a beta of 0.44. The stock has a 50 day moving average of $1.57 and a 200 day moving average of $1.58.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings results on Tuesday, March 25th. The financial services provider reported ($0.04) EPS for the quarter. The firm had revenue of $49.04 million during the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Atlantic American Announces Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.02 per share. The ex-dividend date is Wednesday, April 9th. This represents a yield of 1.1%. Atlantic American’s payout ratio is -9.09%.

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.