First Acceptance (OTCMKTS:FACO) Trading 3.1% Higher - Here's Why

First Acceptance Co. (OTCMKTS:FACO - Get Free Report)'s share price rose 3.1% during trading on Monday . The company traded as high as $3.30 and last traded at $3.30. Approximately 500 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 7,972 shares. The stock had previously closed at $3.20.

First Acceptance Stock Up 3.1%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $120.71 million, a PE ratio of 1.58 and a beta of -0.06. The firm's 50-day simple moving average is $3.57 and its 200 day simple moving average is $3.34.

First Acceptance (OTCMKTS:FACO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%. The firm 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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