Atlantic American (NASDAQ:AAME) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Atlantic American Co. (NASDAQ:AAME) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.70 and traded as low as $1.64. Atlantic American shares last traded at $1.64, with a volume of 452 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Atlantic American in a research note on Friday. They set a “hold” rating for the company.

Atlantic American Stock Performance

The stock has a 50 day moving average of $1.63 and a 200-day moving average of $1.69. The company has a market cap of $33.66 million, a PE ratio of -33.00 and a beta of 0.44.

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

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.