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

StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a research note published on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Stock Up 0.6 %

Shares of Atlantic American stock opened at $1.66 on Tuesday. Atlantic American has a twelve month low of $1.43 and a twelve month high of $3.00. The company has a market cap of $33.86 million, a price-to-earnings ratio of -33.20 and a beta of 0.44. The company’s 50 day moving average is $1.59 and its 200 day moving average is $1.80.

Atlantic American (NASDAQ:AAME) last issued 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 net margin of 1.69% and a negative return on equity of 5.89%. The firm 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.