Atlanticus (NASDAQ:ATLC) Shares Cross Below Fifty Day Moving Average of $3.55

Atlanticus Holdings Corp (NASDAQ:ATLC) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.55 and traded as low as $3.78. Atlanticus shares last traded at $3.93, with a volume of 753 shares trading hands.

The firm’s 50 day moving average price is $3.55. The company has a market cap of $60.70 million, a price-to-earnings ratio of 3.05 and a beta of 0.14.

Atlanticus (NASDAQ:ATLC) last released its quarterly earnings data on Tuesday, May 14th. The credit services provider reported $0.39 earnings per share for the quarter. The business had revenue of $57.07 million during the quarter. Atlanticus had a negative return on equity of 61.75% and a net margin of 7.77%.

In related news, Director Thomas G. Rosencrants acquired 9,000 shares of Atlanticus stock in a transaction on Friday, May 17th. The stock was acquired at an average price of $3.49 per share, for a total transaction of $31,410.00. Following the purchase, the director now owns 70,000 shares of the company’s stock, valued at approximately $244,300. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 34.70% of the company’s stock.

About Atlanticus (NASDAQ:ATLC)

Atlanticus Holdings Corporation provides credit and related financial services and products to financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance. The Credit and Other Investments segment originates a range of consumer loan products, such as retail credit, personal loans, and credit cards through various channels, including retail point-of-sale, direct mail solicitation, Internet-based marketing, and partnerships with third parties; and offers point-of-sale financing by partnering with retailers and service providers to provide credit to their customers for the purchase of various goods and services.

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