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

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Trading Up 2.5 %

Shares of NASDAQ:AAME opened at $1.67 on Thursday. The company has a market capitalization of $34.07 million, a price-to-earnings ratio of -33.40 and a beta of 0.44. Atlantic American has a 12 month low of $1.43 and a 12 month high of $3.00. The firm’s 50-day moving average is $1.62 and its 200 day moving average is $1.71.

Atlantic American (NASDAQ:AAME) last posted its earnings results on Wednesday, August 14th. The financial services provider reported ($0.06) EPS 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.

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.