StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME – Free Report) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the financial services provider’s stock.
Atlantic American Trading Up 1.5 %
Shares of NASDAQ AAME opened at $1.72 on Friday. The firm has a 50-day simple moving average of $1.65 and a 200-day simple moving average of $1.66. Atlantic American has a 52 week low of $1.43 and a 52 week high of $3.00.
Atlantic American (NASDAQ:AAME – Get Free Report) last issued its earnings results on Wednesday, August 14th. The financial services provider reported ($0.06) earnings per share for the quarter. Atlantic American had a negative return on equity of 8.21% and a negative net margin of 3.72%. The company 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.
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