First Acceptance (OTCMKTS:FACO) Shares Down 1.1% - What's Next?

Key Points

• First Acceptance Corporation shares fell by 1.1% during trading, with the stock last priced at $3.51 after hitting a low of $3.40.
• The company reported a net margin of 4.66% and earnings per share of $0.21 for the last quarter, with a total revenue of $140.66 million.
• First Acceptance focuses on non-standard personal automobile insurance, catering to individuals who struggle to obtain coverage from traditional insurance providers.

First Acceptance Corporation (OTCMKTS:FACO - Get Free Report) dropped 1.1% during trading on Monday . The company traded as low as $3.40 and last traded at $3.51. Approximately 2,325 shares traded hands during mid-day trading, an increase of 74% from the average daily volume of 1,340 shares. The stock had previously closed at $3.55.

First Acceptance Trading Down 1.1%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.62 and a current ratio of 0.62. The business has a fifty day simple moving average of $3.47 and a 200 day simple moving average of $3.42. The stock has a market capitalization of $128.64 million, a price-to-earnings ratio of 5.48 and a beta of 0.02.

First Acceptance (OTCMKTS:FACO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.21 EPS for the quarter. First Acceptance had a return on equity of 14.50% and a net margin of 4.66%.The firm had revenue of $140.66 million for the quarter.

About First Acceptance

First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record.

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