First Acceptance (OTCMKTS:FACO) Announces Quarterly Earnings Results
by Teresa Graham · The Cerbat GemFirst Acceptance (OTCMKTS:FACO – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.22 EPS for the quarter, Zacks reports. First Acceptance had a return on equity of 16.23% and a net margin of 5.97%.
First Acceptance Price Performance
Shares of OTCMKTS FACO traded down $0.07 during trading on Tuesday, hitting $5.02. The company had a trading volume of 3,300 shares, compared to its average volume of 7,432. First Acceptance has a fifty-two week low of $3.00 and a fifty-two week high of $5.38. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $4.61 and a two-hundred day simple moving average of $4.13. The firm has a market capitalization of $185.24 million, a price-to-earnings ratio of 6.28 and a beta of 0.16.
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.