Atlantic American (NASDAQ:AAME) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Atlantic American Corporation (NASDAQ:AAME)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.87 and traded as low as $2.60. Atlantic American shares last traded at $2.62, with a volume of 15,545 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Atlantic American in a research note on Wednesday, December 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Atlantic American Stock Performance

The company has a market cap of $53.45 million, a P/E ratio of 11.91 and a beta of 0.80. The business has a fifty day simple moving average of $2.77 and a 200 day simple moving average of $2.87.

Institutional Trading of Atlantic American

Several institutional investors have recently added to or reduced their stakes in AAME. Teton Advisors LLC acquired a new stake in shares of Atlantic American during the third quarter worth $55,000. Citadel Advisors LLC bought a new stake in shares of Atlantic American during the 3rd quarter valued at about $81,000. Finally, Geode Capital Management LLC grew its position in shares of Atlantic American by 10.4% during the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock valued at $131,000 after buying an additional 4,368 shares during the last quarter. Institutional investors own 5.54% of the company’s stock.

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.