Atlantic American (NASDAQ:AAME) Shares Cross Below 200 Day Moving Average – What’s Next?

Atlantic American Corporation (NASDAQ:AAME)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.34 and traded as low as $1.57. Atlantic American shares last traded at $1.57, with a volume of 776 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings cut Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Atlantic American has an average rating of “Sell”.

Atlantic American Stock Up 1.9%

The business’s 50 day moving average is $1.81 and its two-hundred day moving average is $2.34. The firm has a market capitalization of $32.03 million, a P/E ratio of 7.14 and a beta of 0.76.

Institutional Trading of Atlantic American

An institutional investor recently bought a new stake in Atlantic American stock. Citadel Advisors LLC purchased a new position in Atlantic American Corporation (NASDAQ:AAME) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter. 5.54% of the stock is currently 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.