First Acceptance (OTCMKTS:FACO) Shares Up 0% - Still a Buy?

Key Points

• Share price steady at $5.00 during mid-day trading with just 3,150 shares changing hands, a 69% decline from the average session volume (10,264), suggesting thin liquidity.
• The company shows value-style metrics with a P/E of 6.25 and $184.5 million market cap, low leverage (debt-to-equity 0.20) but constrained liquidity (current ratio 0.64); last quarter reported $0.24 EPS on $99.91 million revenue with a 16.23% ROE.
• First Acceptance is a specialty underwriter focused on directly marketed print and supplemental health insurance (fixed indemnity, dental, accident, critical illness) and also operates an insurance risk retention group.

First Acceptance Corporation (OTCMKTS:FACO - Get Free Report) shot up 0% during mid-day trading on Thursday . The stock traded as high as $5.00 and last traded at $5.00. 3,150 shares were traded during mid-day trading, a decline of 69% from the average session volume of 10,264 shares. The stock had previously closed at $4.9978.

First Acceptance Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $184.50 million, a PE ratio of 6.25 and a beta of 0.05. The firm's fifty day simple moving average is $4.42 and its 200 day simple moving average is $4.01.

First Acceptance (OTCMKTS:FACO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.24 EPS for the quarter. First Acceptance had a net margin of 5.97% and a return on equity of 16.23%. The company had revenue of $99.91 million for the quarter.

About First Acceptance

First Acceptance Corporation OTCMKTS: FACO is a specialty underwriter that focuses on directly marketed print and supplemental health insurance products. Through a network of postal and digital marketing channels, the company offers fixed indemnity medical plans designed to help policyholders manage out-of-pocket healthcare expenses. In addition to core health insurance plans, First Acceptance markets a variety of supplemental coverage options, including dental, accident and critical illness policies.

Beyond its print health business, First Acceptance operates an insurance risk retention group that enables member organizations to pool risk and purchase liability and healthcare benefit programs.

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