Atlantic American (NASDAQ:AAME) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Atlantic American Corporation (NASDAQ:AAME)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.22 and traded as low as $1.43. Atlantic American shares last traded at $1.43, with a volume of 7,953 shares traded.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Atlantic American Stock Performance

The company has a market cap of $28.97 million, a PE ratio of 6.45 and a beta of 0.77. The company has a 50 day simple moving average of $1.65 and a two-hundred day simple moving average of $2.21.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in shares of Atlantic American in the 3rd quarter valued at $81,000. Geode Capital Management LLC boosted its stake 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 worth $131,000 after acquiring an additional 4,368 shares in the last quarter. Finally, BlackRock Inc. bought a new stake in shares of Atlantic American during the 2nd quarter worth about $179,000. Institutional investors and hedge funds own 5.54% of the company’s stock.

About Atlantic American

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.