Atlantic American (NASDAQ:AAME) Shares Pass Below 200 Day Moving Average – Time to Sell?

Atlantic American Co. (NASDAQ:AAME)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Atlantic American in a report on Friday. They set a “hold” rating on the stock.

Atlantic American Price Performance

The firm has a market capitalization of $33.49 million, a price-to-earnings ratio of -32.83 and a beta of 0.44. The business has a fifty day moving average price of $1.63 and a two-hundred day moving average price of $1.70.

Atlantic American (NASDAQ:AAME) last issued its quarterly earnings results 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 during the quarter.

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.