Atlantic American (NASDAQ:AAME) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Atlantic American Corporation (NASDAQ:AAME)’s stock price passed 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 traded.

Wall Street Analyst Weigh In

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

Atlantic American Price Performance

The business’s 50-day simple moving average is $2.77 and its two-hundred day simple moving average is $2.88. The stock has a market capitalization of $53.45 million, a price-to-earnings ratio of 11.91 and a beta of 0.80.

Institutional Investors Weigh In On Atlantic American

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position 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 buying an additional 4,368 shares during the last quarter. Teton Advisors LLC acquired a new position in shares of Atlantic American in the third quarter worth about $55,000. Finally, Citadel Advisors LLC acquired a new position in shares of Atlantic American in the third quarter worth about $81,000. Hedge funds and other 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.