Atlantic American (NASDAQ:AAME) Announces Quarterly Earnings Results

Atlantic American (NASDAQ:AAME) posted its quarterly earnings results on Tuesday. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Atlantic American Trading Up 2.9 %

AAME traded up $0.04 during midday trading on Tuesday, reaching $1.41. The company’s stock had a trading volume of 13,110 shares, compared to its average volume of 5,197. Atlantic American has a 1 year low of $1.26 and a 1 year high of $2.84. The stock’s 50-day moving average is $1.55 and its 200-day moving average is $1.58. The firm has a market capitalization of $28.76 million, a price-to-earnings ratio of -4.03 and a beta of 0.58.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Atlantic American in a research report on Tuesday, March 18th. They set a “hold” rating for the company.

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.