First Acceptance (OTCMKTS:FACO) Releases Earnings Results

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

First Acceptance Stock Up 0.4%

FACO stock traded up $0.02 during midday trading on Tuesday, reaching $5.42. 1,606 shares of the company were exchanged, compared to its average volume of 7,575. The stock’s 50-day simple moving average is $5.43 and its 200 day simple moving average is $4.84. First Acceptance has a 1-year low of $3.17 and a 1-year high of $5.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $200.05 million, a price-to-earnings ratio of 5.77 and a beta of 0.21.

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.