First Acceptance (OTCMKTS:FACO) Trading 0.3% Higher – Time to Buy?

First Acceptance Corporation (OTCMKTS:FACO)’s share price traded up 0.3% on Tuesday . The company traded as high as $6.02 and last traded at $6.02. 949 shares changed hands during trading, a decline of 27% from the average daily volume of 1,297 shares. The stock had previously closed at $6.00.

First Acceptance Stock Up 0.3%

The company has a market capitalization of $224.25 million, a PE ratio of 6.13 and a beta of 0.22. 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 simple moving average of $5.74 and a two-hundred day simple moving average of $5.22.

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

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.