Atlantic American (NASDAQ:AAME) Posts Quarterly Earnings Results

Atlantic American (NASDAQ:AAME) released its quarterly earnings data on Tuesday. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%.

Atlantic American Stock Performance

Atlantic American stock traded up $0.04 during midday trading on Tuesday, hitting $1.41. 13,110 shares of the company’s stock were exchanged, compared to its average volume of 5,197. The stock has a 50-day moving average price of $1.55 and a two-hundred day moving average price of $1.58. The company has a market cap of $28.76 million, a P/E ratio of -4.03 and a beta of 0.58. Atlantic American has a 52-week low of $1.26 and a 52-week high of $2.84.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Atlantic American in a research note on Tuesday, March 18th. They issued a “hold” rating on the stock.

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.