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

StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research note published on Sunday morning. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Performance

AAME stock opened at $1.69 on Friday. Atlantic American has a 1 year low of $1.43 and a 1 year high of $3.00. The stock has a market capitalization of $34.48 million, a price-to-earnings ratio of -9.94 and a beta of 0.46. The stock’s fifty day moving average is $1.65 and its two-hundred day moving average is $1.66.

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

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.