First Acceptance (OTCMKTS:FACO) Trading 0.4% Higher – Here’s What Happened

First Acceptance Co. (OTCMKTS:FACO) rose 0.4% during mid-day trading on Thursday . The stock traded as high as $3.15 and last traded at $3.15. Approximately 590 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 3,197 shares. The stock had previously closed at $3.14.

First Acceptance Stock Up 0.6 %

The firm has a 50-day simple moving average of $3.14 and a 200 day simple moving average of $3.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $120.81 million, a PE ratio of 1.52 and a beta of 0.19.

First Acceptance (OTCMKTS:FACO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter. The firm had revenue of $129.26 million for the quarter. First Acceptance had a return on equity of 53.03% and a net margin of 12.41%.

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.