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Atlas Financial Holdings (AFH) Crumbles: Stock Falls by 8.3%

Zacks Equity Research

Atlas Financial Holdings, Inc. (AFH) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $13.97 to $14.91 in the past one-month time frame.

Atlas Financial Holdings has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

AFH currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the insurance sector include AmTrust Financial Services, Inc. (AFSI), Endurance Specialty Holdings Ltd. (ENH) and Federated National Holding Company (FNHC). All these stocks hold a Zacks Rank #1 (Strong Buy).

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