Atlantic American (NASDAQ:AAME) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Atlantic American Co. (NASDAQ:AAME)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.59 and traded as low as $1.48. Atlantic American shares last traded at $1.49, with a volume of 1,012 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Atlantic American in a research note on Tuesday. They set a “hold” rating for the company.

Atlantic American Trading Up 0.3 %

The stock’s 50-day moving average is $1.53 and its two-hundred day moving average is $1.59. The company has a market capitalization of $30.80 million, a PE ratio of -4.31 and a beta of 0.45.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar increased its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the period. Atlantic American accounts for 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. Institutional investors and hedge funds own 5.48% of the company’s stock.

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.