First Acceptance (OTCMKTS:FACO) Posts Quarterly Earnings Results

First Acceptance (OTCMKTS:FACO) posted its quarterly earnings data on Tuesday. The company reported $0.24 EPS for the quarter, Zacks reports. First Acceptance had a return on equity of 16.58% and a net margin of 5.47%.The business had revenue of $99.91 million for the quarter.

First Acceptance Trading Up 8.5%

Shares of OTCMKTS FACO traded up $0.35 during midday trading on Wednesday, reaching $4.49. 29,601 shares of the stock were exchanged, compared to its average volume of 3,595. The stock has a 50 day moving average price of $4.14 and a 200-day moving average price of $3.77. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $164.74 million, a P/E ratio of 5.83 and a beta of 0.07. First Acceptance has a 52-week low of $3.00 and a 52-week high of $4.50.

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.