First Acceptance (OTCMKTS:FACO) Releases Earnings Results

First Acceptance (OTCMKTS:FACO) announced its earnings results on Tuesday. The company reported $0.22 earnings per share (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 Stock Down 1.4%

First Acceptance stock traded down $0.07 during midday trading on Tuesday, hitting $5.02. The stock had a trading volume of 3,300 shares, compared to its average volume of 7,432. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. The stock has a market cap of $185.24 million, a P/E ratio of 6.28 and a beta of 0.16. First Acceptance has a 12 month low of $3.00 and a 12 month high of $5.38. The business has a fifty day moving average price of $4.61 and a 200 day moving average price of $4.13.

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.