First Acceptance (OTCMKTS:FACO) Trading Up 0.8% - Should You Buy?

Key Points

• Shares rose 0.8% to $4.45 on Thursday but trading volume was light at ~4,000 shares (down 59% from the 9,674 average), with the stock trading near its 50‑day and 200‑day moving averages of $4.21 and $3.88 respectively.
• First Acceptance has a market cap of $164.3 million, a low beta (0.07) and a P/E of 5.56, while liquidity ratios are modest (quick and current ratios of 0.64) and debt is low (debt/equity 0.20).
• The company reported $0.24 EPS on $99.91 million of revenue for the quarter, with a net margin of 5.97% and ROE of 16.23%, and it operates as a specialty underwriter of directly marketed print and supplemental health insurance products plus a risk retention group.

First Acceptance Corporation (OTCMKTS:FACO - Get Free Report)'s stock price was up 0.8% during trading on Thursday . The company traded as high as $4.45 and last traded at $4.45. Approximately 4,000 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 9,674 shares. The stock had previously closed at $4.4135.

First Acceptance Price Performance

The company has a 50 day simple moving average of $4.21 and a 200-day simple moving average of $3.88. The stock has a market cap of $164.29 million, a price-to-earnings ratio of 5.56 and a beta of 0.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.20.

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