First Acceptance (OTCMKTS:FACO) Announces Earnings Results

First Acceptance (OTCMKTS:FACO) announced its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, Zacks reports. First Acceptance had a return on equity of 17.90% and a net margin of 7.11%.

First Acceptance Stock Performance

Shares of OTCMKTS FACO traded up $0.02 during midday trading on Tuesday, reaching $5.42. 1,606 shares of the stock were exchanged, compared to its average volume of 7,575. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a market cap of $200.05 million, a price-to-earnings ratio of 5.77 and a beta of 0.21. The firm has a 50-day simple moving average of $5.43 and a two-hundred day simple moving average of $4.84. First Acceptance has a twelve month low of $3.17 and a twelve month high of $5.84.

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.