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

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Stock analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAMEGet Rating) in a report issued on Friday. The firm set a “hold” rating on the financial services provider’s stock.

Shares of NASDAQ:AAME opened at $3.03 on Friday. The company has a fifty day simple moving average of $2.87 and a 200 day simple moving average of $2.82. The firm has a market cap of $61.81 million, a PE ratio of 8.91 and a beta of 0.27. Atlantic American has a 12-month low of $2.12 and a 12-month high of $5.70.

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Atlantic American (NASDAQ:AAMEGet Rating) last announced its quarterly earnings results on Wednesday, May 11th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $51.61 million during the quarter. Atlantic American had a net margin of 3.74% and a return on equity of 2.16%.

Atlantic American Company Profile (Get Rating)

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. The company operates through American Southern and Bankers Fidelity segments. It offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

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