First Acceptance (OTCMKTS:FACO) Trading 0.7% Higher – Here’s Why

First Acceptance Corporation (OTCMKTS:FACO) shares traded up 0.7% during trading on Monday . The stock traded as high as $5.41 and last traded at $5.41. Approximately 4,100 shares traded hands during mid-day trading, an increase of 61% from the average session volume of 2,545 shares. The stock had previously closed at $5.37.

First Acceptance Trading Up 0.7%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $199.68 million, a price-to-earnings ratio of 5.76 and a beta of 0.20. The company has a 50 day moving average price of $5.21 and a two-hundred day moving average price of $4.55.

First Acceptance (OTCMKTS:FACO) last announced its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) 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 for 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.