Atlantic American (NASDAQ:AAME – Get Free Report) posted its earnings results on Tuesday. The financial services provider reported ($0.04) EPS for the quarter, Zacks reports. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.
Atlantic American Price Performance
AAME stock opened at $1.78 on Wednesday. The company’s 50 day simple moving average is $1.55 and its 200-day simple moving average is $1.58. Atlantic American has a 12 month low of $1.25 and a 12 month high of $2.84. The firm has a market capitalization of $36.31 million, a PE ratio of -5.09 and a beta of 0.58.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Atlantic American in a research note on Wednesday. They set a “hold” rating for the company.
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.
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