Atlantic American (NASDAQ:AAME) Share Price Passes Above 200 Day Moving Average – What’s Next?

Atlantic American Corporation (NASDAQ:AAME) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.52 and traded as high as $2.54. Atlantic American shares last traded at $2.34, with a volume of 16,678 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Atlantic American in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Atlantic American Price Performance

The firm has a market capitalization of $47.73 million, a P/E ratio of 23.40 and a beta of 0.73. The company has a fifty day moving average of $2.95 and a 200 day moving average of $2.52.

Atlantic American (NASDAQ:AAME) last issued its quarterly earnings results on Friday, November 14th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. Atlantic American had a net margin of 1.27% and a return on equity of 0.38%. The firm had revenue of $52.98 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Atlantic American stock. Teton Advisors LLC bought a new stake in shares of Atlantic American Corporation (NASDAQ:AAME) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,000 shares of the financial services provider’s stock, valued at approximately $55,000. Teton Advisors LLC owned approximately 0.09% of Atlantic American at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.54% of the company’s stock.

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.