Atlantic American (NASDAQ:AAME) Now Covered by StockNews.com

StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Trading Up 2.5 %

Shares of AAME opened at $1.63 on Friday. The business’s 50 day moving average is $1.64 and its 200 day moving average is $1.68. The company has a market capitalization of $33.25 million, a PE ratio of -9.59 and a beta of 0.44. Atlantic American has a 12-month low of $1.43 and a 12-month high of $3.00.

Atlantic American (NASDAQ:AAME) last issued its earnings results on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $47.67 million for 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.