Atlantic American (NASDAQ:AAME) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Atlantic American Corporation (NASDAQ:AAME) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.67 and traded as high as $2.92. Atlantic American shares last traded at $2.77, with a volume of 32,175 shares.

Wall Street Analyst Weigh In

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

Atlantic American Price Performance

The stock has a market cap of $56.51 million, a price-to-earnings ratio of 12.59 and a beta of 0.77. The business’s 50 day moving average is $2.67 and its 200 day moving average is $2.80.

Atlantic American (NASDAQ:AAME) last posted its quarterly 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 for the quarter. Atlantic American had a return on equity of 1.62% and a net margin of 2.45%.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Teton Advisors LLC acquired a new position in shares of Atlantic American Corporation (NASDAQ:AAME) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,000 shares of the financial services provider’s stock, valued at approximately $55,000. Teton Advisors LLC owned approximately 0.09% of Atlantic American at the end of the most recent quarter. 5.54% of the stock is owned by institutional investors and hedge funds.

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.