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

Shares of Atlantic American Corporation (NASDAQ:AAME) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.50 and traded as low as $1.73. Atlantic American shares last traded at $1.74, with a volume of 20,762 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Atlantic American from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Atlantic American Trading Down 1.2%

The company has a market capitalization of $34.27 million, a P/E ratio of 7.64 and a beta of 0.73. The stock has a 50 day moving average price of $2.19 and a 200 day moving average price of $2.49.

Institutional Trading of Atlantic American

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Atlantic American in the third quarter valued at approximately $81,000. Teton Advisors LLC acquired a new stake in Atlantic American during the 3rd quarter worth approximately $55,000. Finally, Geode Capital Management LLC grew its holdings in 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 during the last quarter. 5.54% of the stock is owned by institutional investors and hedge funds.

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.