Atlantic American (NASDAQ:AAME) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Atlantic American Co. (NASDAQ:AAME) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.72 and traded as high as $1.72. Atlantic American shares last traded at $1.52, with a volume of 33,758 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Atlantic American in a report on Thursday. They set a “hold” rating on the stock.

Atlantic American Trading Up 2.5 %

The firm has a market cap of $34.07 million, a P/E ratio of -33.40 and a beta of 0.44. The firm’s 50 day moving average is $1.62 and its two-hundred day moving average is $1.72.

Atlantic American (NASDAQ:AAME) last announced 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 firm had revenue of $47.67 million for 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.