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

Shares of Atlantic American Corporation (NASDAQ:AAME) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.57 and traded as low as $2.45. Atlantic American shares last traded at $2.58, with a volume of 28,914 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Atlantic American in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Atlantic American Stock Up 5.3%

The company has a market cap of $52.62 million, a P/E ratio of 25.80 and a beta of 0.73. The firm’s 50 day moving average is $2.84 and its two-hundred day moving average is $2.57.

Atlantic American (NASDAQ:AAME) last announced its earnings results on Friday, November 14th. The financial services provider reported $0.02 EPS for the quarter. Atlantic American had a return on equity of 0.38% and a net margin of 1.27%.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 acquired a new stake in Atlantic American Corporation (NASDAQ:AAME) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,000 shares of the financial services provider’s stock, valued at approximately $55,000. Teton Advisors LLC owned about 0.09% of Atlantic American as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.54% of the company’s stock.

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.