Atlantic American Corporation (NASDAQ:AAME – Get Free Report) shares traded up 1.8% during trading on Monday. The company traded as high as $1.21 and last traded at $1.13. Approximately 43,763 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 2,601,811 shares. The stock had previously closed at $1.11.
Analyst Ratings Changes
Separately, Weiss Ratings cut Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, November 3rd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
View Our Latest Research Report on Atlantic American
Atlantic American Trading Up 1.6%
The company has a market cap of $25.50 million, a PE ratio of 4.81 and a beta of 0.87. The business’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.91.
Hedge Funds Weigh In On Atlantic American
An institutional investor recently bought a new stake in Atlantic American stock. BlackRock Inc. acquired a new stake in Atlantic American Corporation (NASDAQ:AAME – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 107,440 shares of the financial services provider’s stock, valued at approximately $179,000. BlackRock Inc. owned approximately 0.53% of Atlantic American as of its most recent filing with the SEC. Hedge funds and other institutional investors own 5.54% of the company’s stock.
About Atlantic American
Atlantic American Corporation (NASDAQ:AAME) is an insurance holding company headquartered in Atlanta, Georgia. Through its subsidiaries, the company provides property and casualty insurance, life insurance and supplemental health insurance products to individuals, businesses and organizations. Its property and casualty operations, conducted primarily through American Southern Insurance Company and related affiliates, offer products that may include commercial automobile, general liability, workers’ compensation, surety and other specialty insurance coverages.
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