Atlantic American (NASDAQ:AAME) Announces Earnings Results

Atlantic American (NASDAQ:AAME) posted its quarterly earnings data on Tuesday. The financial services provider reported ($0.04) earnings per share for the quarter, Zacks reports. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Atlantic American Price Performance

Atlantic American stock traded up $0.13 during mid-day trading on Tuesday, reaching $1.50. The stock had a trading volume of 13,116 shares, compared to its average volume of 5,197. Atlantic American has a one year low of $1.26 and a one year high of $2.84. The company has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $1.58. The company has a market capitalization of $30.60 million, a price-to-earnings ratio of -4.29 and a beta of 0.58.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Atlantic American in a research report on Tuesday, March 18th. They set a “hold” rating on the stock.

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.