Atlantic American (NASDAQ:AAME) Shares Cross Above 200-Day Moving Average – Time to Sell?

Atlantic American Co. (NASDAQ:AAME)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.59 and traded as high as $1.67. Atlantic American shares last traded at $1.67, with a volume of 2,815 shares trading hands.

Analyst Upgrades and Downgrades

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

Atlantic American Stock Down 1.8 %

The business’s fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.59. The company has a market cap of $34.07 million, a price-to-earnings ratio of -4.77 and a beta of 0.47.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported ($0.04) earnings per share for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%. The company had revenue of $44.52 million for the quarter.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar increased its holdings in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. 5.48% of the stock is owned by institutional investors and hedge funds.

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.