Stock analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME – Get Free Report) in a report issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.
Atlantic American Stock Performance
Shares of AAME opened at $1.67 on Thursday. The firm’s 50 day moving average price is $1.62 and its two-hundred day moving average price is $1.72. Atlantic American has a twelve month low of $1.43 and a twelve month high of $3.00. The firm has a market cap of $34.07 million, a P/E ratio of -33.40 and a beta of 0.44.
Atlantic American (NASDAQ:AAME – Get Free Report) last announced its earnings results on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share for the quarter. Atlantic American had a negative return on equity of 5.89% and a negative net margin of 1.69%. The company had revenue of $47.67 million during 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.
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