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

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

Atlantic American Trading Up 2.8 %

Atlantic American stock opened at $1.66 on Wednesday. The firm has a market capitalization of $33.76 million, a P/E ratio of -33.10 and a beta of 0.44. The business has a 50-day moving average of $1.60 and a 200-day moving average of $1.77. Atlantic American has a 1 year low of $1.43 and a 1 year high of $3.00.

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

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.