First Acceptance (OTCMKTS:FACO) Trading 1.2% Higher – What’s Next?

First Acceptance Corporation (OTCMKTS:FACO) was up 1.2% during mid-day trading on Wednesday . The stock traded as high as $4.08 and last traded at $4.08. Approximately 711 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 3,245 shares. The stock had previously closed at $4.03.

First Acceptance Trading Up 1.2%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $149.70 million, a P/E ratio of 5.30 and a beta of 0.08. The firm has a 50 day moving average price of $4.01 and a two-hundred day moving average price of $3.67.

First Acceptance (OTCMKTS:FACO) last announced its earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter. The business had revenue of $140.68 million during the quarter. First Acceptance had a return on equity of 16.58% and a net margin of 5.47%.

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.