First Acceptance (OTCMKTS:FACO) Trading Up 0.3% - Here's Why

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)'s stock price was up 0.3% during trading on Thursday . The company traded as high as $3.38 and last traded at $3.37. Approximately 3,200 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 4,915 shares. The stock had previously closed at $3.36.

First Acceptance Price Performance

The firm has a market capitalization of $130.11 million, a PE ratio of 5.55 and a beta of -0.13. The business's 50 day simple moving average is $3.35 and its 200 day simple moving average is $3.38. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.24.

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 net margin of 4.66% and a return on equity of 14.50%. The business had revenue of $140.66 million during 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.