Atlantic American (NASDAQ:AAME) Stock Passes Above 200 Day Moving Average – Time to Sell?

Atlantic American Co. (NASDAQ:AAME)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.72 and traded as high as $1.72. Atlantic American shares last traded at $1.52, with a volume of 33,758 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Atlantic American in a research note on Thursday. They issued a “hold” rating for the company.

Atlantic American Stock Up 2.5 %

The business has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $1.72. The stock has a market capitalization of $34.07 million, a P/E ratio of -33.40 and a beta of 0.44.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings results on Wednesday, August 14th. The financial services provider reported ($0.06) EPS for the quarter. The firm had revenue of $47.67 million during the quarter. Atlantic American had a negative net margin of 1.69% and a negative return on equity of 5.89%.

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.