Atlantic American (NASDAQ:AAME) Share Price Passes Below 200 Day Moving Average of $2.37

Atlantic American Co. (NASDAQ:AAME)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.37 and traded as low as $1.65. Atlantic American shares last traded at $1.65, with a volume of 200 shares traded.

A number of equities analysts have recently commented on AAME shares. TheStreet downgraded shares of Atlantic American from a “c” rating to a “d+” rating in a report on Wednesday, September 4th. ValuEngine downgraded shares of Atlantic American from a “hold” rating to a “sell” rating in a report on Friday, September 27th.

The business’s fifty day moving average price is $2.01 and its 200 day moving average price is $2.37.

A hedge fund recently bought a new stake in Atlantic American stock. Citadel Advisors LLC acquired a new position in shares of Atlantic American Co. (NASDAQ:AAME) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,572 shares of the financial services provider’s stock, valued at approximately $32,000. Citadel Advisors LLC owned 0.07% of Atlantic American as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 5.02% of the company’s stock.

About Atlantic American (NASDAQ:AAME)

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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

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