Atlantic American (NASDAQ:AAME) Shares Cross Above 200-Day Moving Average – Time to Sell?

Atlantic American Co. (NASDAQ:AAME)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.59 and traded as high as $1.67. Atlantic American shares last traded at $1.67, with a volume of 2,815 shares.

Wall Street Analyst Weigh In

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

Atlantic American Stock Performance

The stock has a market cap of $34.07 million, a PE ratio of -4.77 and a beta of 0.47. The stock’s 50-day moving average is $1.53 and its two-hundred day moving average is $1.59.

Atlantic American (NASDAQ:AAME) last released its earnings results on Tuesday, November 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $44.52 million for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar boosted its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American accounts for about 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.48% of the company’s stock.

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.