Atlantic American (NASDAQ:AAME) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Atlantic American Corporation (NASDAQ:AAME) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.83 and traded as low as $2.61. Atlantic American shares last traded at $2.69, with a volume of 7,444 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Atlantic American in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Atlantic American currently has a consensus rating of “Hold”.

Atlantic American Stock Up 0.4%

The company has a fifty day moving average price of $2.71 and a 200 day moving average price of $2.83. The stock has a market cap of $54.88 million, a PE ratio of 12.23 and a beta of 0.80.

Atlantic American (NASDAQ:AAME) last issued its earnings results on Friday, November 14th. The financial services provider reported $0.02 earnings per share for the quarter. The company had revenue of $52.98 million during the quarter. Atlantic American had a return on equity of 1.62% and a net margin of 2.45%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlantic American stock. Citadel Advisors LLC purchased a new stake in shares of Atlantic American Corporation (NASDAQ:AAME) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 28,224 shares of the financial services provider’s stock, valued at approximately $81,000. Citadel Advisors LLC owned 0.14% of Atlantic American as of its most recent SEC filing. 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.