First Acceptance (OTCMKTS:FACO) Trading 0.3% Higher - Should You Buy?

Key Points

• First Acceptance Corporation (OTCMKTS:FACO) saw a 0.3% increase in stock price, trading at $3.37 with a market cap of $123.51 million.
• The company reported earnings of $0.21 per share and revenue of $140.66 million for the last quarter, highlighting a net margin of 4.66% and return on equity of 14.50%.
• First Acceptance specializes in non-standard personal automobile insurance for individuals who may struggle to obtain coverage from standard carriers, due to issues like payment preference or driving records.

First Acceptance Corporation (OTCMKTS:FACO - Get Free Report) traded up 0.3% during mid-day trading on Thursday . The stock traded as high as $3.38 and last traded at $3.37. 3,200 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 4,915 shares. The stock had previously closed at $3.36.

First Acceptance Trading Up 0.3%

The firm's 50 day moving average price is $3.32 and its 200-day moving average price is $3.37. The stock has a market cap of $123.51 million, a P/E ratio of 5.27 and a beta of -0.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.62 and a quick ratio of 0.62.

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

First Acceptance Company Profile

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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