Revenue Update on Atlas Financial Holdings Inc(NASDAQ:AFH)

Atlas Financial Holdings Inc(NASDAQ:AFH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $43.20M. Analysts estimated a revenue of $46.86M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.38.

Atlas Financial Holdings Inc (AFH) made into the market gainers list on Mondays trading session with the shares advancing 3.97% or 0.64 points. Due to strong positive momentum, the stock ended at $16.75, which is also near the day’s high of $16.77. The stock began the session at $16.16 and the volume stood at 73,443 shares. The 52-week high of the shares is $21.13 and the 52 week low is $15.2. The company has a current market capitalization of $201 M and it has 1,20,23,295 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Oct 20, 2015, Jordan Kupinsky (director) sold 9,700 shares at $18.66 per share price.

Atlas Financial Holdings Inc formerly JJR VI Acquisition Corp is a Canada-based company. It is engaged in the business of providing commercial automobile insurance in the United States with a niche market orientation. The Company’s automobile insurance products provide coverage in three areas: liability accident benefits and physical damage. Liability insurance provides coverage where the insured is responsible for an automobile accident for the payment for injuries and property damage to third parties. Accident benefit policies or personal injury protection policies provide coverage for loss of income medical and rehabilitation expenses for insured persons who are injured in an automobile accident Physical damage coverages provide for the payment of damages to an insured automobile arising from a collision with another object or from other risks. In January 2013 the Company acquired Camelot Services Inc. and its insurance subsidiary Gateway Insurance Company.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *