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

Analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Trading Up 0.6 %

Shares of NASDAQ:AAME opened at $1.59 on Monday. Atlantic American has a 12-month low of $1.43 and a 12-month high of $3.00. The business has a 50 day moving average of $1.59 and a two-hundred day moving average of $1.84. The company has a market capitalization of $32.44 million, a PE ratio of -31.80 and a beta of 0.44.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. Atlantic American had a negative return on equity of 5.89% and a negative net margin of 1.69%. 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.