Home / Financial / Climbing 3.02%, Atlantic American Corporation (AAME) Provides Tailwinds for Financial Stocks in Early Trading on September 22

Climbing 3.02%, Atlantic American Corporation (AAME) Provides Tailwinds for Financial Stocks in Early Trading on September 22

Atlantic American Corporation (AAME) is one of the best performing stocks in the financial sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of AAME have climbed 3.02% about 30 minutes into the session to $3.41 after closing the day prior at $3.31. It’s early, but the stock has traded as high as $3.41 and as low as $3.3 so far. Today’s quick advance has come with about 1,147 shares changing hands, compared to an average 30-day volume of 13,495 for Atlantic American Corporation. The price is currently below the 30-day volume weighted average price of $3.38 for AAME.

The share appreciation gives the company a market capitalization of $67.77 million based upon 20.48 million shares outstanding. It also means that AAME has a price-to-book ratio of 0.63:1 and a price-to-earnings ratio of 55.2:1.

In the past 52 weeks, shares of AAME have traded as low as $3.12 and as high as $5.0. Technical traders will take note that at $3.41, shares of AAME are trading below their 200-day MA at $4.12 and below their 50-day MA at $3.81. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is AAME?

Atlantic American Corp is a holding company that operates through its subsidiaries in markets within the life and health and property and casualty insurance industries. The company’s 147 employees are led by CEO Hilton H. Howell from the corporate headquarters at 4370 Peachtree Road, North East.


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