Atlantic American (NASDAQ:AAME) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Atlantic American Corporation (NASDAQ:AAME) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.03 and traded as low as $1.66. Atlantic American shares last traded at $1.68, with a volume of 19,354 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Atlantic American from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Atlantic American presently has a consensus rating of “Hold”.

Atlantic American Trading Down 1.8%

The company has a market capitalization of $34.27 million, a P/E ratio of 7.64 and a beta of 0.76. The business’s 50-day simple moving average is $2.03 and its 200 day simple moving average is $2.44.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently bought a new position in Atlantic American stock. Citadel Advisors LLC purchased a new stake in shares of Atlantic American Corporation (NASDAQ:AAME) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 28,224 shares of the financial services provider’s stock, valued at approximately $81,000. Citadel Advisors LLC owned 0.14% of Atlantic American as of its most recent filing with the Securities and Exchange Commission. 5.54% of the stock is owned by hedge funds and other institutional investors.

Atlantic American Company Profile

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.