Atlantic American (NASDAQ:AAME) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Atlantic American Corporation (NASDAQ:AAME) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.65 and traded as low as $2.30. Atlantic American shares last traded at $2.33, with a volume of 7,680 shares traded.

Atlantic American Trading Down 5.3%

The business’s 50 day moving average price is $2.51 and its two-hundred day moving average price is $2.65. The stock has a market cap of $47.53 million, a P/E ratio of 10.59 and a beta of 0.79.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Atlantic American by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,368 shares during the period. Citadel Advisors LLC bought a new position in Atlantic American in the third quarter worth $81,000. Finally, Teton Advisors LLC bought a new position in Atlantic American in the third quarter worth $55,000. Institutional investors own 5.54% of the company’s stock.

About Atlantic American

Atlantic American Corporation is a Florida-based holding company that engages in the insurance business through its wholly owned subsidiaries. The company’s operations are organized into four principal segments: Life Insurance, Accident and Health Insurance, Property and Casualty Insurance, and Risk Retention Group. Through these lines of business, Atlantic American provides a range of insurance products and services to individuals, businesses and affinity groups across the United States.

In its Life Insurance segment, Atlantic American offers traditional whole life and universal life policies, emphasizing guaranteed death benefits and cash value accumulation.