First Acceptance (OTCMKTS:FACO) Stock Falls 4.1% – Should You Sell?

First Acceptance Corporation (OTCMKTS:FACO)’s share price fell 4.1% during mid-day trading on Tuesday. The company traded as low as $5.97 and last traded at $5.97. Approximately 1,905 shares changed hands during trading, a decline of 93% from the average session volume of 26,372 shares. The stock had previously closed at $6.2250.

First Acceptance Stock Performance

The stock has a market capitalization of $219.22 million, a price-to-earnings ratio of 6.03 and a beta of 0.23. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $6.00 and a 200-day moving average of $5.46.

First Acceptance (OTCMKTS:FACO) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $123.14 million during the quarter. First Acceptance had a net margin of 7.82% and a return on equity of 18.63%.

First Acceptance Company Profile

First Acceptance Corporation is an insurance holding company that provides personal automobile insurance, primarily serving drivers who may have difficulty obtaining coverage through standard insurers. Its insurance products are marketed under the Acceptance Insurance brand and are designed to meet state-required liability coverage and other vehicle-insurance needs.

The company distributes policies through a network of retail locations, independent agents and digital channels. In addition to nonstandard auto insurance, its offerings have included related products and services such as vehicle physical-damage coverage, roadside assistance and other ancillary insurance products, depending on the customer’s state and eligibility.

First Acceptance has historically focused on selected U.S.