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

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

Atlantic American Price Performance

AAME opened at $1.65 on Friday. The company’s 50 day moving average price is $1.63 and its two-hundred day moving average price is $1.69. The firm has a market capitalization of $33.66 million, a price-to-earnings ratio of -33.00 and a beta of 0.44. Atlantic American has a fifty-two week low of $1.43 and a fifty-two week high of $3.00.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share for the quarter. The company 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.