StockNews.com Initiates Coverage on Atlantic American (NASDAQ:AAME)

Equities research analysts at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Price Performance

NASDAQ AAME opened at $1.63 on Friday. The stock has a market capitalization of $33.25 million, a PE ratio of -9.59 and a beta of 0.44. Atlantic American has a 1 year low of $1.43 and a 1 year high of $3.00. The business’s 50-day moving average is $1.64 and its 200 day moving average is $1.68.

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

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.