Atlantic American (NASDAQ:AAME) Coverage Initiated at StockNews.com

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

Atlantic American Stock Down 2.1 %

AAME stock opened at $1.63 on Tuesday. The business’s 50-day moving average price is $1.59 and its 200-day moving average price is $1.79. The stock has a market cap of $33.15 million, a P/E ratio of -32.50 and a beta of 0.44. Atlantic American has a twelve month low of $1.43 and a twelve month high of $3.00.

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. The firm had revenue of $47.67 million for the quarter. Atlantic American had a negative net margin of 1.69% and a negative return on equity of 5.89%.

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.