First Acceptance (OTCMKTS:FACO) Releases Earnings Results

First Acceptance (OTCMKTS:FACO) posted its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $140.68 million during the quarter. First Acceptance had a return on equity of 14.50% and a net margin of 4.66%.

First Acceptance Stock Up 17.4%

Shares of OTCMKTS:FACO opened at $3.91 on Thursday. The stock has a market capitalization of $143.29 million, a P/E ratio of 6.11 and a beta of 0.02. First Acceptance has a 12-month low of $2.88 and a 12-month high of $3.95. The stock’s 50-day moving average price is $3.41 and its 200-day moving average price is $3.37. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.24.

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.