Atlantic American (NASDAQ:AAME) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Atlantic American Corporation (NASDAQ:AAMEGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on AAME

Atlantic American Trading Up 1.9%

The stock has a market capitalization of $32.03 million, a price-to-earnings ratio of 7.14 and a beta of 0.76. The firm has a 50-day moving average of $1.81 and a 200-day moving average of $2.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlantic American stock. Citadel Advisors LLC bought a new position in shares of Atlantic American Corporation (NASDAQ:AAMEFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 SEC filing. Institutional investors own 5.54% of the company’s stock.

About Atlantic American

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Atlantic American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic American and related companies with MarketBeat.com's FREE daily email newsletter.