Atlantic American (NASDAQ:AAME) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Atlantic American Corporation (NASDAQ:AAME) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.80 and traded as low as $1.14. Atlantic American shares last traded at $1.14, with a volume of 11,561 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Atlantic American in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Atlantic American presently has a consensus rating of “Sell”.

Atlantic American Price Performance

The stock has a 50 day simple moving average of $1.34 and a two-hundred day simple moving average of $1.78. The company has a market cap of $22.64 million, a price-to-earnings ratio of 5.05 and a beta of 0.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Atlantic American stock. BlackRock Inc. acquired a new stake in Atlantic American Corporation (NASDAQ:AAME) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,440 shares of the financial services provider’s stock, valued at approximately $179,000. BlackRock Inc. owned 0.53% of Atlantic American at the end of the most recent quarter. Hedge funds and other institutional investors own 5.54% of the company’s stock.

Atlantic American Company Profile

Atlantic American Corporation (NASDAQ:AAME) is an insurance holding company headquartered in Atlanta, Georgia. Through its operating subsidiaries, the company provides property and casualty insurance as well as life 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, focus on commercial insurance products such as commercial automobile, general liability, workers’ compensation and other specialty coverages.