First Acceptance (OTCMKTS:FACO) Stock Price Down 0.6% - What's Next?

First Acceptance Corporation (OTCMKTS:FACO - Get Free Report) shares traded down 0.6% during mid-day trading on Wednesday . The stock traded as low as $3.22 and last traded at $3.22. 100 shares were traded during mid-day trading, a decline of 99% from the average session volume of 8,699 shares. The stock had previously closed at $3.24.

First Acceptance Trading Down 0.6%

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 50-day simple moving average of $3.32 and a two-hundred day simple moving average of $3.31. The stock has a market cap of $117.79 million, a price-to-earnings ratio of 5.55 and a beta of -0.10.

First Acceptance (OTCMKTS:FACO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter. First Acceptance had a return on equity of 13.56% and a net margin of 4.13%. The business had revenue of $125.09 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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