First Acceptance (OTCMKTS:FACO) Trading 0.9% Higher – Still a Buy?

Shares of First Acceptance Corporation (OTCMKTS:FACO) shot up 0.9% during mid-day trading on Tuesday . The stock traded as high as $5.55 and last traded at $5.45. Approximately 2,165 shares changed hands during trading, a decline of 72% from the average daily volume of 7,741 shares. The stock had previously closed at $5.40.

First Acceptance Price Performance

The company has a 50 day moving average of $5.37 and a two-hundred day moving average of $4.77. The firm has a market cap of $201.16 million, a P/E ratio of 5.80 and a beta of 0.21. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.20.

First Acceptance (OTCMKTS:FACO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter. First Acceptance had a net margin of 7.11% and a return on equity of 17.90%. The company had revenue of $118.38 million during the quarter.

First Acceptance Company Profile

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.