Atlantic American (NASDAQ:AAME) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Price Performance

NASDAQ AAME opened at $1.65 on Friday. The business has a fifty day moving average price of $1.63 and a two-hundred day moving average price of $1.69. The stock has a market capitalization of $33.66 million, a PE ratio of -33.00 and a beta of 0.44. Atlantic American has a fifty-two week low of $1.43 and a fifty-two week high of $3.00.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings data on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share for the quarter. Atlantic American had a negative return on equity of 5.89% and a negative net margin of 1.69%. The business had revenue of $47.67 million for the quarter.

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.