Atlantic American (NASDAQ:AAME) Stock Price Passes Below 200 Day Moving Average of $2.20

Shares of Atlantic American Co. (NASDAQ:AAME) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.20 and traded as low as $1.65. Atlantic American shares last traded at $1.67, with a volume of 3,726 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Atlantic American in a report on Saturday. They issued a “hold” rating on the stock.

Atlantic American Stock Up 5.7 %

The firm has a 50 day moving average price of $1.71 and a 200 day moving average price of $2.20. The stock has a market cap of $34.07 million, a P/E ratio of -33.39 and a beta of 0.42.

Atlantic American (NASDAQ:AAME) last issued its earnings results on Tuesday, May 14th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $47.00 million for the quarter. Atlantic American had a negative net margin of 0.39% and a negative return on equity of 3.18%.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Investors Asset Management of Georgia Inc. GA ADV bought a new position in Atlantic American Co. (NASDAQ:AAME) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 18,000 shares of the financial services provider’s stock, valued at approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV owned 0.09% of Atlantic American as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.48% of the company’s stock.

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.