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

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

Atlantic American Stock Performance

NASDAQ AAME opened at $1.33 on Friday. The firm has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $1.57. The stock has a market cap of $27.13 million, a PE ratio of -3.80 and a beta of 0.44. Atlantic American has a twelve month low of $1.25 and a twelve month high of $2.25.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings data on Tuesday, March 25th. The financial services provider reported ($0.04) EPS for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%. The business had revenue of $49.04 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.