First Acceptance (OTCMKTS:FACO) Shares Down 0.8% – Time to Sell?

Shares of First Acceptance Corporation (OTCMKTS:FACO) fell 0.8% on Tuesday . The company traded as low as $5.1538 and last traded at $5.16. 781 shares were traded during trading, a decline of 93% from the average session volume of 10,425 shares. The stock had previously closed at $5.20.

First Acceptance Price Performance

The stock has a fifty day moving average of $4.86 and a two-hundred day moving average of $4.33. The stock has a market capitalization of $190.40 million, a price-to-earnings ratio of 5.49 and a beta of 0.16. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

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