Atlantic American (NASDAQ:AAME) Announces Earnings Results

Atlantic American (NASDAQ:AAME) issued its quarterly earnings results on Friday. The financial services provider reported $0.02 EPS for the quarter, Zacks reports. Atlantic American had a net margin of 1.27% and a return on equity of 0.38%.

Atlantic American Trading Down 3.3%

Shares of NASDAQ:AAME traded down $0.10 on Friday, reaching $2.92. 49,930 shares of the company traded hands, compared to its average volume of 20,141. The stock has a market capitalization of $59.56 million, a P/E ratio of 29.20 and a beta of 0.73. The business’s 50-day simple moving average is $3.03 and its 200 day simple moving average is $2.49. Atlantic American has a 52 week low of $1.25 and a 52 week high of $3.71.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Atlantic American in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.