Atlantic American (NASDAQ:AAME) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Atlantic American Corporation (NASDAQ:AAME) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.77 and traded as high as $2.78. Atlantic American shares last traded at $2.77, with a volume of 14,106 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat.com, Atlantic American currently has a consensus rating of “Hold”.

Atlantic American Price Performance

The business’s 50 day simple moving average is $2.76 and its 200 day simple moving average is $2.85. The company has a market capitalization of $54.67 million, a price-to-earnings ratio of 12.18 and a beta of 0.69.

Institutional Trading of Atlantic American

A number of hedge funds have recently added to or reduced their stakes in AAME. Citadel Advisors LLC acquired a new position in shares of Atlantic American during the third quarter worth about $81,000. Teton Advisors LLC acquired a new stake in Atlantic American in the third quarter valued at about $55,000. Finally, Geode Capital Management LLC boosted its holdings in Atlantic American by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,368 shares in the last quarter. 5.54% of the stock is owned by institutional investors and hedge funds.

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.