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

StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Trading Up 2.5 %

NASDAQ AAME opened at $1.63 on Friday. Atlantic American has a 12 month low of $1.43 and a 12 month high of $3.00. The stock has a market cap of $33.25 million, a P/E ratio of -9.59 and a beta of 0.44. The stock’s fifty day moving average price is $1.64 and its 200-day moving average price is $1.68.

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