Atlantic American (NASDAQ:AAME) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Atlantic American Co. (NASDAQ:AAME) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.62 and traded as low as $1.50. Atlantic American shares last traded at $1.51, with a volume of 2,165 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Atlantic American in a report on Friday. They issued a “hold” rating for the company.

Atlantic American Trading Down 2.0 %

The business has a fifty day moving average price of $1.60 and a two-hundred day moving average price of $1.62. The firm has a market capitalization of $30.19 million, a PE ratio of -4.23 and a beta of 0.47.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar raised its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American makes up about 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors own 5.48% of the company’s 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.