First Acceptance (OTCMKTS:FACO) Issues Quarterly Earnings Results

First Acceptance (OTCMKTS:FACO) posted its earnings results on Tuesday. The company reported $0.18 earnings per share for the quarter, reports. The firm had revenue of $145.26 million during the quarter. First Acceptance had a return on equity of 83.33% and a net margin of 13.19%.

First Acceptance Stock Performance

FACO opened at $3.35 on Thursday. The stock has a market cap of $127.60 million, a PE ratio of 1.74 and a beta of 0.14. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. First Acceptance has a 1 year low of $0.85 and a 1 year high of $3.57. The stock’s 50 day simple moving average is $2.70 and its 200-day simple moving average is $2.18.

About First Acceptance

First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record.